Journal
REVIEW OF ECONOMICS AND STATISTICS
Volume 101, Issue 3, Pages 476-491Publisher
MIT PRESS
DOI: 10.1162/rest_a_00762
Keywords
-
Categories
Funding
- Swiss National Science Foundation [PBEZP1-131169, 100018_140266]
- Swedish Research Council (Vetenskapradet) [421-2010-1310]
- Swiss National Science Foundation (SNF) [PBEZP1-131169, 100018_140266] Funding Source: Swiss National Science Foundation (SNF)
Ask authors/readers for more resources
We analyze a model of R&D alliance networks where firms are engaged in R&D collaborations that lower their production costs while competing on the product market. We provide a complete characterization of the Nash equilibrium and determine the optimal R&D subsidy program that maximizes total welfare. We then structurally estimate this model using a unique panel of R&D collaborations and annual company reports. We use our estimates to study the impact of targeted versus nondiscriminatory R&D subsidy policies and empirically rank firms according to the welfare-maximizing subsidies they should receive.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available