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Title: R& versus output subsidies in mixed markets
Authors: Kesavayuth, Dusanee 
Zikos, Vasileios 
Keywords: Mixed duopoly;Output subsidies;R& subsidies;Spillovers
Issue Date: 2013
Publisher: University of the Thai Chamber of Commerce
Source: Dusanee Kesavayuth, Vasileios Zikos (2013) R& versus output subsidies in mixed markets. Economics Letters Vol.118 No.2, 293-296.
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.
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:RSO: Journal Articles

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