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| Author: | Ishibashi, I. Matsumura, T. |
| Title: | R&D competition between public and private sectors |
| Journal: | European Economic Review
2006 : AUG, VOL. 50:6, p. 1347-1366 |
| Index terms: | private sector public sector r&d |
| Freeterms: | mixed market patent race |
| Language: | eng |
| Abstract: | This article discusses a mixed market where a welfare maximizing public research institute competes against profit-maximizing private firms.The authors argue that the innovation size chosen by the public institute is too small from the viewpoint of social wellfare and so the government should control the public institute appropriately. ALso wellfare implications and privatisation of public firms are discussed. |
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