THE SENSITIVITY OF STRATEGIC AND CORRECTIVE RESEARCH-AND-DEVELOPMENT POLICY IN OLIGOPOLISTIC INDUSTRIES
成果类型：
Article
署名作者：
BAGWELL, K; STAIGER, RW
署名单位：
Northwestern University; National Bureau of Economic Research
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(94)90061-2
发表日期：
1994
页码：
133-150
关键词：
摘要：
We evaluate the case for R&D subsidies in export sectors when the outcome of R&D is uncertain and the product market is oligopolistic. When R&D reduces expected costs in the particular sense of first-order stochastic dominance, a national strategic basis for R&D subsidies exists, whether firms choose prices or quantities. This must be balanced against a corrective incentive to tax R&D whenever the number of domestic firms exceeds one. However, when R&D increases the riskiness of the cost distribution as well, the results may switch: there emerges a strategic incentive to tax and a corrective incentive to subsidize R&D.