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R&D Policy and Privatization in a Mixed Oligopoly
(2006)
  • Maria Jose Gil-Molto, University of Leicester
  • Joanna Poyago-Theotoky, Loughborough University
  • Vassilios Zikos, University of Surrey
Abstract

We introduce R&D activity and R&D subsidies in the context of a mixed oligopoly and evaluate the effects of privatization on welfare. We show that when R&D subsidies are employed, privatization is welfare and R&D promoting provided that the number of competitors is sufficiently large.

Publication Date
2006
Citation Information
Maria Jose Gil-Molto, Joanna Poyago-Theotoky and Vassilios Zikos. "R&D Policy and Privatization in a Mixed Oligopoly" (2006)
Available at: http://works.bepress.com/joanna_poyago_theotoky/6/