A NOTE ON SOCIALLY OPTIMAL RESEARCH-AND-DEVELOPMENT PROGRAMS AND THEIR INDUCEMENT
成果类型：
Note
署名作者：
POSNER, MJM; ZUCKERMAN, D
署名单位：
Hebrew University of Jerusalem
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.40.3.S335
发表日期：
1992
页码：
S335-S338
关键词：
摘要：
This paper considers optimal public policies regarding R&D programs in a random environment. For a stochastic R&D decision model without rivalry, we investigate and derive the privately and the socially optimal policies. The study focuses on the socially optimal R&D program and its inducement by governmental incentives. The appropriate instruments that should be employed in supporting R&D projects are examined. Our proposed R&D model provides a theoretical economic justification for public intervention in support of private R&D activities. Furthermore, some of the results shed light on practical issues in designing a functional and efficient R&D project support system.