EconPapers    
Economics at your fingertips  
 

R&D Subsidies versus R&D Cooperation in a Duopoly with Spillovers and Pollution

Emmanuel Petrakis () and Joanna Poyago-Theotoky

Australian Economic Papers, 2002, vol. 41, issue 1, 37-52

Abstract: We introduce pollution, as a by-product of production, into a non-tournament model of R&D with spillovers. Technology policy takes the form of either R&D subsidisation or pre-competitive R&D cooperation. We show that, when the emissions tax is exogenous, the optimal R&D subsidy can be negative, i.e. there should be a tax on R&D, depending on the extent of the appropriability problem and the degree of environmental damage. In a wide class of cases, depending on the parameter values, welfare in the case of R&D cooperation, is lower than welfare in the case of R&D subsidisation. Copyright 2002 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

Date: 2002
References: Add references at CitEc
Citations View citations in EconPapers (56) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2002&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecp:v:41:y:2002:i:1:p:37-52

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-900X

Access Statistics for this article

Australian Economic Papers is currently edited by Daniel Leonard

More articles in Australian Economic Papers from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2018-10-04
Handle: RePEc:bla:ausecp:v:41:y:2002:i:1:p:37-52