R&D policy and privatization in a mixed oligopoly
María José Gil-Moltó (),
Joanna Poyago-Theotoky and
Vasileios Zikos ()
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María José Gil-Moltó: Dept of Economics, Loughborough University
Authors registered in the RePEc Author Service: Maria Jose Gil Molto
Discussion Paper Series from Department of Economics, Loughborough University
We introduce R&D activity and R&D subsidies in the context of a mixed oligopoly and evaluate the effects of privatization on welfare. We show that when R&D subsidies are employed, privatization is welfare and R&D promoting provided that the number of competitors is sufficiently large.
Keywords: mixed oligopoly; process innovation; R&D subsidy; privatization. (search for similar items in EconPapers)
JEL-codes: L13 L31 L32 L50 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-ifn and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:lbo:lbowps:2006_25
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