The R&D incentives of industry leaders.
This paper presents a model to explain why industry leader firms often devote substantial resources to R&D activities and explores the welfare implications of this investment. The key new assumption is that industry leaders can improve their own products more easily than can other firms. When indu...
| Publicado en: | International Economic Review Vol. 40; no. 3; pp. 745 - 767 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
August 1999
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512864648&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512864648 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00206598 IER jtl: International Economic Review issn: 00206598 maglogo: N pubinfo: dt: August 1999 vid: 40 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 512864648 10.1111/1468-2354.00038 ppf: 745 ppct: 22 formats: tig: atl: The R&D incentives of industry leaders. aug: au: Segerstrom, Paul S. Zolnierek, James M. su: Mathematical finance Welfare economics Economic equilibrium Resource allocation -- Mathematical models Industrial research Mathematical models Finance sug: subj: Mathematical finance Welfare economics Economic equilibrium Resource allocation -- Mathematical models Industrial research Mathematical models Finance ab: This paper presents a model to explain why industry leader firms often devote substantial resources to R&D activities and explores the welfare implications of this investment. The key new assumption is that industry leaders can improve their own products more easily than can other firms. When industry leaders have R&D cost advantages, it is optimal for the government to subsidize the R&D expenditures of all firms, subsidize the production expenditures of industry leaders, and tax the profits of new industry leaders. Without government intervention, market forces generate too much creative destruction. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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