This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested … in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different …

attempting to minimize subsidies to banks' equityholders. When banks do not diffr with respect to the extent of debt overhang, it … can be fully overcome with the minimal amount of subsidies, providing each bank's equity holders no more than their pre …

clauses would reduce such excessive, signaling-driven investment and patenting intensity. …

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with … limits on product market competition or investment subsidies, which encourage the investment-based strategy may be beneficial …

quickly. Also, the approval delay is likely to decrease as an industry moves from the early stages of an innovation cycle to …

government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in … taxation and the various forms of subsidy and social welfare provision. Despite the removal of many former subsidies, the paper … finds that many implicit and unjustified subsidies remain, and they continue to distort resource allocation in undesirable …

competition, Bertrand and Cournot oligopoly) international competition forces the national government to subsidize innovation. The …