Subsidizing cooperative and noncooperative R&D in duopoly with spillovers

被引:91
作者
Hinloopen, J
机构
[1] Department of Economics, Fac. of Technol., Plcy. and Mgmt., Technical University Delft, 2600 GB Delft
来源
JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE | 1997年 / 66卷 / 02期
关键词
research and development; subsidies; cooperation; Cournot duopoly; spillovers;
D O I
10.1007/BF01234404
中图分类号
F [经济];
学科分类号
02 ;
摘要
Comparing the effect on private R&D investments of allowing firms to cooperate in R&D with that of providing R&D subsidies reveals that in general the latter policy is more effective than the former in promoting R&D activity. Analyzing the implementation of both policies simultaneously reveals that subsidizing cooperative and noncooperative R&D leads to the same market outcome. The preferred R&D-stimulating policy is to subsidize optimally an agreement according to which firms only share the outcomes of their independent research.
引用
收藏
页码:151 / 175
页数:25
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