Nota técnica 2: A simple search model applied to R&D

Jaime Vatter

Estudios de Economia, 1993, vol. 20, issue 1 Year 1993, 205-212

Abstract: There are several papers that use the simple search paradigm to analyze R&D investment. Here the firm invests a fixed amount each period, at the end of which, the value of the innovation is determined. Having this information available, the firm decides whether to stop the R&D project or not, i.e., to accept or reject what that period offers. The purpose of this note is to describe the simple search model in the R&D cases, as well as to elaborate on some of the implications of the model. It is of particular interest to compare two frameworks for subsidies; one based on the cost of R&D and the other on the benefits obtained from it.

Keywords: R&D. (search for similar items in EconPapers)
Date: 1993
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