An Evaluation of Federal Policy Instruments to Stimulate Basic Research in Industry

Prafulla Joglekar and Morris Hamburg
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Prafulla Joglekar: La Salle College
Morris Hamburg: University of Pennsylvania

Management Science, 1983, vol. 29, issue 9, 997-1015

Abstract: A model of the resource allocation behavior of a group of firms demonstrates that unaided industry allocation to basic (inappropriable) research is suboptimal. Furthermore, provision of seed money is generally counterproductive, while the provision of a matching subsidy is not very cost-efficient in increasing the allocation. Innovative policy alternatives are proposed.

Keywords: research and development; government; engineering; economics (search for similar items in EconPapers)
Date: 1983
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