Helm, Carsten ; Schöttner, Anja (2005)
Subsidizing Technological Innovations in the Presence of R&D Spillovers.
Report, Bibliographie
Kurzbeschreibung (Abstract)
We analyze a situation where a principal wants to induce firms to produce an output, e.g. electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production costs of the output. Parts of these investments spills over and also reduce production costs of the other firm. Comparing the general price subsidy and an innovation tournament, we find that the principal's expected cost of implementing a given expected output are always higher under the tournament, even though this scheme may lead to more innovation.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2005 |
| Autor(en): | Helm, Carsten ; Schöttner, Anja |
| Art des Eintrags: | Bibliographie |
| Titel: | Subsidizing Technological Innovations in the Presence of R&D Spillovers |
| Sprache: | Englisch |
| Publikationsjahr: | November 2005 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 154 |
| URL / URN: | http://econstor.eu/bitstream/10419/32071/1/504360655.PDF |
| Kurzbeschreibung (Abstract): | We analyze a situation where a principal wants to induce firms to produce an output, e.g. electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production costs of the output. Parts of these investments spills over and also reduce production costs of the other firm. Comparing the general price subsidy and an innovation tournament, we find that the principal's expected cost of implementing a given expected output are always higher under the tournament, even though this scheme may lead to more innovation. |
| Freie Schlagworte: | R&D spillovers, tournaments, subsidies, moral hazard |
| Zusätzliche Informationen: | JEL - Classification : Q55, D82, H23, D43 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Angewandte Mikroökonomik und Institutionenökonomik |
| Hinterlegungsdatum: | 22 Okt 2009 11:42 |
| Letzte Änderung: | 03 Jun 2018 21:23 |
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