R& versus output subsidies in mixed markets

Publisher(s)
University of the Thai Chamber of Commerce
Date Issued
2013
Author(s)
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.
Subject(s)
Economic Theory and Research
Subjects
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public
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Rights Holder(s)
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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