search query: @author Zolnierek, J. / total: 1
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| Author: | Segerstrom, P. Zolnierek, J. |
| Title: | The R&D incentives of industry leaders |
| Journal: | International Economic Review
1999 : AUG, VOL. 40:3, p. 745-766 |
| Index terms: | ECONOMICS R&D LEADERSHIP |
| Language: | eng |
| Abstract: | This paper presents a model to explain why industry leader firms often devote substantial resources to R&D activities and explores the welfare implications of this investment. The key new assumption is that industry leaders can improve their own products more easily than can other firms. When industry leaders have R&D cost advantage, it is optimal for the government to subsidize the R&D expenditures of all firms, subsidize the production expenditures of industry leaders, and tax the profits of new industry leaders. |
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