Market failures and the additionality effects of public support to private R&D: Theory and empirical implications

We extend the theoretical basis of the empirical literature on the effects of R&D subsidies by providing an estimable model of strategic interaction among subsidy applicants, and public and private sector R&D financiers. Our model incorporates fixed R&D cost and a cost of external financ...

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Veröffentlicht in:	International journal of industrial organization 2013-09, Vol.31 (5), p.634-642
Hauptverfasser:	Takalo, Tuomas, Tanayama, Tanja, Toivanen, Otto
Format:	Artikel
Sprache:	eng
Schlagworte:	Additionality Corporate finance Financing of innovations Funding Marginal costs Market failure R&D investments Research & development expenditures Studies Subsidies Welfare
Online-Zugang:	Volltext
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