Gerlagh, Reyer; Kverndokk, Snorre; Rosendah, Knut Einar - Fondazione ENI Enrico Mattei (FEEM) - 2008
policy. With infinite patent lifetime, the R&D subsidy should be constant and independent of the state of the environment …. However, with finite patent lifetime, optimal innovation policy depends on the stage of the environmental problem. In the … fall monotonically over time to stimulate initial R&D investments. Alternatively, with a constant R&D subsidy, patents …