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We analyze the equilibrium effects of different subsidies on target goods under both perfectly competitive and … monopolistic market structures. We concentrate our analysis on three particularly common forms of subsidies: (i) a per-unit subsidy … decreases. To evaluate the price effects of the subsidies, we rely on two criteria, an "equal-relief" criterion - which relies …
Persistent link: https://www.econbiz.de/10015427367
We analyze the equilibrium effects of different subsidies on target goods under both perfectly competitive and … monopolistic market structures. We concentrate our analysis on three particularly common forms of subsidies: (i) a per-unit subsidy … decreases. To evaluate the price effects of the subsidies, we rely on two criteria, an "equal-relief" criterion-which relies on …
Persistent link: https://www.econbiz.de/10015432130
This paper evaluates how R&D subsidies to the business sector are typically awarded. We identify two sources of … inefficiencies we propose mechanisms that include some form of an auction in which applicants bid for subsidies. Our proposals are …
Persistent link: https://www.econbiz.de/10010366543
This paper combines three prototype endogenous growth models, the models with human capital accumulation introduced by Uzawa [1965] and Lucas [1988], variety expansion by Romer [1990], and quality improvements by Aghion and Howitt [1992], in order to investigate how these three engines of growth...
Persistent link: https://www.econbiz.de/10003819993
greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate … adoption subsidies on the amount of energy savings, taking into account endogeneityand uncertainty of technological progress … ofinvestment subsidies, whereas the effects on long-run effectiveness are ambiguous. …
Persistent link: https://www.econbiz.de/10011333267
This essay is the introduction to a forthcoming volume entitled, Regulating Innovation: Competition Policy and Patent Law Under Uncertainty (Cambridge U. Press 2009 forthcoming). In addition to introducing all of the papers in the volume, this essay introduces the organizing themes of the...
Persistent link: https://www.econbiz.de/10014046279
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968051
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968865
We examine research and development (R&D) policies when a national firm forms an R&D alliance with a foreign competitor. Firms differ in their R&D capabilities, and adopt a profit-sharing rule when R&D decisions are coordinated. National R&D tax/subsidy policies are set independently or...
Persistent link: https://www.econbiz.de/10013108392
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012945054