Collie, David R - Directorate-General Economic and Financial Affairs, … - 2005
The prohibition of state aid to investment and R&D in an integrated market such as the European Community is analysed … in a Cournot oligopoly model where firms undertake investment or R&D to reduce their costs. Both strategic and non …-strategic investment and R&D are considered. Governments in the Member States give subsidies for investment and R&D, which are financed by …