Sørensen, Anders - In: Topics in Macroeconomics 6 (2006) 2, pp. 1346-1346
It may be optimal from a welfare perspective to use R&D subsidies when the source of R&D distortions originates from the surplus appropriability problem and technological spillovers in the form of knowledge spillovers, creative destruction, and duplication externalities are absent. Hence, R&D...
