Subsidizing cooperative and noncooperative R&D: an equivalence result?Economics of Innovation and New Technology (2000)
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.
- R&D subsidies,
- cooperative R&D,
- differentiated oligopoly
Citation InformationJeroen Hinloopen. "Subsidizing cooperative and noncooperative R&D: an equivalence result?" Economics of Innovation and New Technology Vol. 9 Iss. 4 (2000) p. 317 - 329 ISSN: 1043-8599
Available at: http://works.bepress.com/hinloopen/31/