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Public Policy towards R&D in a Mixed Duopoly with Spillovers

Gil-Moltó, MJ, Poyago-Theotoky, J and Zikos, V Public Policy towards R&D in a Mixed Duopoly with Spillovers .

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We investigate the use of subsidies to R&D, both in a mixed and a private duopoly market. We show that the socially optimal R&D subsidy is positive and increasing in the degree of spillovers both in the private and the mixed duopoly, although it is lower for the former than for the latter. We also find support for the empirical claim that privatization is followed by a scaling down of the R&D activity. A comparative static analysis of welfare levels suggests that privatization is welfare detrimental, which lends some support to the views against the widespread adoption of privatization programs.

Item Type: Other
Divisions : Surrey research (other units)
Authors :
Gil-Moltó, MJ
Poyago-Theotoky, J
Uncontrolled Keywords : L31, L32, O38, L13, L50., mixed duopoly, process innovation, R&D subsidies, privatisation, spillovers.
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:14
Last Modified : 23 Jan 2020 10:28

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