Subsidizing cooperative and noncooperative R&D: an equivalence result?
| Authors |
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| Publication date |
2000
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| Journal |
Economics of Innovation and New Technology
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| Volume | Issue number |
9 | 4
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| Pages (from-to) |
317-329
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| Abstract |
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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| Document type |
Article
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| Published at |
http://www.tandfonline.com/doi/pdf/10.1080/10438590000000012
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