Atallah, Gamal - Volkswirtschaftliche Fakultät, … - 2007
This paper introduces a new type of R&D subsidy, which is conditional on the success of the R&D project. In a three …-stage model, the government chooses a subsidy(ies) in the first stage; in the second stage, a monopolist chooses R&D effort which … determines the size or the probability of success of the R&D project; in the last stage, the firm chooses its output. It is found …