R&D policy and privatization in a mixed oligopoly
preprintposted on 03.02.2009, 15:13 by Maria Jose Gil-Molto, Joanna Poyago-Theotoky, Vasileios Zikos
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.
- Business and Economics