- Author
- Year
- 2001
- Title
- Subsidizing R&D cooperatives
- Journal
- De Economist
- Volume | Issue number
- 149 | 3
- Pages (from-to)
- 313-345
- Document type
- Article
- Faculty
- Faculty of Economics and Business (FEB)
- Institute
- Amsterdam School of Economics Research Institute (ASE-RI)
- Abstract
-
A framework is developed with which the implementation of two commonly used R&D-stimulating policies can be evaluated: providing R&D subsidies and sustaining the formation of R&D cooperatives. Subsidized R&D cooperatives can also be analyzed. The analysis shows that providing R&D subsidies is more effective in raising private R&D investments than sustaining R&D cooperatives. Moreover, optimally subsidizing cooperative R&D or noncooperative R&D leads to the same level of R&D activity. Sustaining R&D cooperatives thus appears to be a redundant industrial policy, all else equal.
- URL
- go to publisher's site
- Link
- Link
- Language
- Undefined/Unknown
- Persistent Identifier
- https://hdl.handle.net/11245/1.187709
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