R& versus output subsidies in mixed markets

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University of the Thai Chamber of Commerce
Date Issued
2013
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Other Contributor(s)
University of the Thai Chamber of Commerce. Research Support Office
Abstract
We analyse the relative welfare effects of an R& and an output subsidy in a mixed duopoly. We show that an R& subsidy is beneficial for society as a whole, and socially superior to an output subsidy, when spillovers are sufficiently high. Otherwise, an output subsidy is socially superior.
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University of the Thai Chamber of Commerce
Bibliographic Citation
Dusanee Kesavayuth, Vasileios Zikos (2013) R& versus output subsidies in mixed markets. Economics Letters Vol.118 No.2, 293-296.
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