R & D Subsidies , Spillovers and Privatization in Mixed Markets

@inproceedings{Molt2010RD,
  title={R & D Subsidies , Spillovers and Privatization in Mixed Markets},
  author={Maria Jos{\'e} Gil Molt{\'o}},
  year={2010}
}
  • Maria José Gil Moltó
  • Published 2010
We examine the use of subsidies to R&D in a mixed and a private duopoly market. We show that the socially optimal R&D subsidy is increasing in the degree of spillovers but it is lower in the private duopoly. The optimal R&D subsidy leads to an increase in total R&D and production, however, it does not lead to the equalisation of per …rm output and therefore to an e¢ cient distribution of production costs. We also …nd that privatization of the public …rm reduces R&D activity and welfare in the… CONTINUE READING

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