A framework is developed with which both R&D-subsidies and R&D-cooperatives can be analyzed. It is shown that in most cases providing R&D-subsidies is more effective in promoting private R&D than allowing for an R&D-cooperative. Moreover, considering the implementation of both R&D stimulating...

Introducing a finite reservation price in Hotelling’s spatial duopoly with linear transportation costs shows that (i) there dose not exist a pure strategy symmetric location equilibrium of the reservation price is 'high’, (ii) there exists a unique pure strategy symmetric location...