haku: @author Stenbacka, R. / yhteensä: 13
viite: 11 / 13
| Tekijä: | Stenbacka, R. Tombak, M. M. |
| Otsikko: | Technology policy and the organization of R&D |
| Lehti: | Journal of Economic Behavior and Organization
1998 : SEP, VOL. 36:4, p. 503-520 |
| Asiasana: | JOINT BUSINESS VENTURES RESEARCH R&D SUBSIDIES INVESTMENTS MARKETS |
| Kieli: | eng |
| Tiivistelmä: | In the study, it is examined how technology policy in the form of R&D subsidies and encouragement of research joint ventures (RJVs) affects the investment incentives of firms in various types of imperfectly competitive markets. It is found that joint ventures yield lower research intensities in the absence of subsidies. In the presence of optimal subsidy policy higher expected welfare is obtained with RJVs, but the optimal policy may also involve a more costly subsidy program. The analysis also identifies possible difficulties in implementing socially optimal policies arising from private incentives conflicting with the public interest. |
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