Policy on international R&D cooperation:: Subsidy or tax?

被引:33
作者
Qiu, LD [1 ]
Tao, ZG [1 ]
机构
[1] Hong Kong Univ Sci & Technol, Dept Econ, Kowloon, Peoples R China
关键词
R & D; cooperation; collaboration; coordination; spillovers; strategic motive; coordination motive; subsidy; tax;
D O I
10.1016/S0014-2921(97)00097-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper we derive the non-cooperative, optimal policy towards international R&D cooperation. Two types of R&D cooperation are considered: collaboration and coordination. When firms cooperate, the familiar strategic behavior, which prevails in R&D competition, is reduced, or eliminated, or even completely reversed. However, we prove that R&D subsidy is still an optimal policy for individual governments in the case of R&D coordination and, more strikingly, the subsidies are larger for higher degrees of coordination. Government policies do not help the firms to commit. In the case of R&D collaboration, both R&D subsidy and tax are possible. With linear demands, however, tax is never optimal; moreover, we show that the optimal policy is subsidy regardless of the strategic nature (substitute or complement) of the strategy variables, a result that contradicts the traditional wisdom. (C) 1998 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:1727 / 1750
页数:24
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