Subsidizing Cooperative And Noncooperative R&D: An Equivalence Result?

We show for a widely-used class of models for strategic R&D that optimally subsidizing cooperative R&D or noncooperative R&D leads to the same level of private R&D investments. We then highlight the limitations of the framework that are responsible for this finding and conclude that policy recommendations based on the type of model used here should be treated as highly tentative.

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Year of publication:	2000
Authors:	Hinloopen, Jeroen
Published in:	Economics of Innovation and New Technology. - Taylor & Francis Journals, ISSN 1043-8599. - Vol. 9.2000, 4, p. 317-329
Publisher:	Taylor & Francis Journals
Subject:	R&D subsidies \| cooperative R&D \| differentiated oligopoly

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Extent:	text/html
Type of publication:	Article
Classification:	L43 - Legal Monopolies and Regulation or Deregulation ; O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009200627