Strategic R&D policy under vertically differentiated oligopoly

被引:25
作者
Park, JH [1 ]
机构
[1] Wayne State Univ, Dept Econ, Detroit, MI 48202 USA
来源
CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE | 2001年 / 34卷 / 04期
关键词
D O I
10.1111/0008-4085.00108
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper strategic R&D policy is analysed, where a high-tech firm and a low-tech firm compete in a third country with vertically differentiated (high-quality and low-quality) products. If the product market is under price competition, the high-tech (low-tech) firm's government has an incentive to tax (subsidize) its domestic firm's product R&D activities. If the product market is under quantity competition, the results are opposite: an R&D subsidy (tax) incentive for the high-tech (low-tech) firm's government; and the high-tech firm's government always gains in the R&D policy game, in contrast to the standard prisoner's dilemma result of the R&D policy literature.
引用
收藏
页码:967 / 987
页数:21
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