Chu, Angus C. - Volkswirtschaftliche Fakultät, … - 2008
lobbying. In a non-cooperative equilibrium, each country chooses the level of R&D subsidy independently and fails to … internalize technology spillover. Consequently, R&D subsidy is underprovided. In an economic union, the central government … central government budget. Consequently, R&D subsidy is overprovided; however, this overprovision becomes less severe as the …