The Optimal Timing of Procecurement Decisions and Patent Allocations.

We illustrate by means of a dynamic research and development race that, while at some points in the race, social incentives and private incentives may coincide, at other points they may diverge-- too many researchers remain that race.

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Year of publication:	1996
Authors:	Perry, M. ; Vincent, D.R.
Institutions:	University of Western Ontario, Department of Economics
Subject:	RESEARCH AND DEVELOPMENT \| SOCIAL CHOICE \| DECISION MAKING

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Series:	UWO Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	D70 - Analysis of Collective Decision-Making. General ; D71 - Social Choice; Clubs; Committees; Associations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005812632