We implement an experimental design based on a duopoly game in which subjects choose whether to cooperate in Research … spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases …

substantial crowding-out of private investment. While the individual revenues increase due to the subsidy, the innovative activity … negative effects on overall welfare, depending on the subsidy specifics. However, subsidies do not influence cooperative …

substantial crowding-out of private investment. While the individual revenues increase due to the subsidy, the innovative activity … negative effects on overall welfare, depending on the subsidy specifics. However, subsidies do not influence cooperative …

investment. While the individual revenues increase due to the subsidy, the innovative activity fails to increase and less … subsidy specifics. However, subsidies do not influence cooperative behavior. These findings imply that the additional costs of …