Subsidizing Cooperative And Noncooperative R&D: An Equivalence Result?

Jeroen Hinloopen

Economics of Innovation and New Technology, 2000, vol. 9, issue 4, 317-329

Abstract: We show for a widely-used class of models for strategic R&D that optimally subsidizing cooperative R&D or noncooperative R&D leads to the same level of private R&D investments. We then highlight the limitations of the framework that are responsible for this finding and conclude that policy recommendations based on the type of model used here should be treated as highly tentative.

Keywords: R&D subsidies, cooperative R&D, differentiated oligopoly, JEL Classification L43; O32, (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (5)

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DOI: 10.1080/10438590000000012

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