Title: Subsidizing cooperative and noncooperative R&D in duopoly with spillovers
Authors: Hinloopen, Jeroen # ×
Issue Date: 1997
Publisher: Springer-verlag wien
Series Title: Journal of economics-zeitschrift fur nationalokonomie vol:66 issue:2 pages:151-175
Abstract: 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.
ISSN: 0931-8658
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Department of Managerial Economics, Strategy and Innovation (MSI), Leuven
× corresponding author
# (joint) last author

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