Are R&D Subsidies Provided Optimally? Evidence from a Simulated Agency-Firm Stochastic Dynamic Game
نویسندگان
چکیده
منابع مشابه
Are R&D Subsidies Provided Optimally?
By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper shows that the level of the subsidy provided by a funding (public) agency, normally used to correct for firm R&D shortage, might be severely underprovided. This is due to the "externalities" generated by the agency-firm strategic relationship, as showed by comparing two versions of the model: one assuming ...
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ژورنال
عنوان ژورنال: Journal of Artificial Societies and Social Simulation
سال: 2012
ISSN: 1460-7425
DOI: 10.18564/jasss.1886