R&D policy and privatization in a mixed oligopoly
Maria Jose Gil-Molto
Joanna Poyago-Theotoky
Vasileios Zikos
2134/4159
https://repository.lboro.ac.uk/articles/preprint/R_D_policy_and_privatization_in_a_mixed_oligopoly/9493385
We introduce R&D activity and R&D subsidies in the context of a mixed oligopoly and evaluate the effects of privatization on welfare. We show that when R&D subsidies are employed, privatization is welfare and R&D promoting provided that the number of competitors is sufficiently large.
2009-02-03 15:13:05
Mixed oligopoly
Process innovation
R&D subsidy
Privatization
Economics not elsewhere classified