R&D Spillovers and Welfare Effect of Privatization with an R&D Subsidy

Sang-Ho Lee and Timur Muminov

MPRA Paper from University Library of Munich, Germany

Abstract: We reexamine the results in Gil Molto et al. (2011) and compare the welfare effect of privatization policy in an R&D competition between a mixed duopoly and a private duopoly with an R&D subsidy. We show that an R&D subsidy with privatization policy is beneficial for society unless the spillovers rate is sufficiently low. Otherwise, public R&D leadership in a mixed market is socially superior.

Keywords: Privatization; R&D subsidy; R&D spillovers; R&D leadership (search for similar items in EconPapers)
JEL-codes: H21 L13 L32 (search for similar items in EconPapers)
Date: 2020-03
New Economics Papers: this item is included in nep-com, nep-cse, nep-gen and nep-ind
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:99937

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