Subsidizing Innovation and Production
This paper studies the interaction between production subsidies and innovation subsidies. We develop a model which allows us to calculate the socially optimal subsidies (and how they vary with changes in the economic environment), and to understand how firms react to each type of subsidy. In a three...
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| Format: | Article |
| Language: | English |
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Pontificia Universidad Católica del Perú
2019-10-01
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| Series: | Economía |
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| Online Access: | http://revistas.pucp.edu.pe/index.php/economia/article/view/21400 |