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We reconsider the justifications of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to pool R&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic benefits of R&D investment in the...
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decentralized finance (DeFi) research and development around the world. The findings of the literature review are that decentralized … DeFi research show that there are few studies on DeFi, and a large number of DeFi research studies are non …. Areas for further research are provided to advance the literature on decentralized finance …
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This paper analyzes the effects of mixed public-private Ramp;D incentives and empirically tests whether patents that were publicly sponsored are more quot;importantquot; than non-subsidized ones. Blending patents and public subsidies will allow the funding agency to subsidize inventions that...
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Bayh-Dole allows academic grantees to patent federally-funded research for purposes of promoting the commercialization … of this research. To ensure commercialization goals are achieved, the Act requires grantees to report to funding agencies …
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