Schetter, Ulrich; Gersbach, Hans; Schneider, Maik - 2013
We examine how basic research should be financed. While basic research is a public good benefiting innovating … shareholders, and aggregate output. We show that the general economy impact of basic research rationalizes a pecking order of … taxation to finance basic research. In particular, in a society with desirable dense entrepreneurial activity, a large share of …