首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Subsidizing Technological Innovations in the Presence of R&D Spillovers
Authors:Carsten Helm  Anja Schöttner
Institution:Technical University Darmstadt;
University of Bonn
Abstract:Abstract. We analyze a situation where a principal wants to induce two firms to produce an output, for example electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production cost of the output. Part of these investments spills over and also reduces production cost of the other firm. Comparing a general price subsidy and an innovation tournament, we find that the principal's expected cost of implementing a given expected output is always higher under the tournament, even though this scheme may lead to more innovation.
Keywords:Q55              D82              H23              D43
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号