from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then … slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

. Starting from the steady state under current R& D subsidization in the US, the R& D subsidy should significantly jump upwards … and then slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R& D … subsidy to its optimal long run level, compared to the case where the dynamically optimal policy is implemented. …

from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then … slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

increasing with the value of the innovation cost parameter announced by the firm, and a R&D subsidy which is decreasing with the …

. Starting from the steady state under current R\& D subsidization in the US, the R\& D subsidy should significantly jump upwards … and then slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R\& D … subsidy to its optimal long run level, compared to the case where the dynamically optimal policy is implemented. …