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very few studies devoted to explaining the use of patent indicators as performance indicators in performance-based research …-based research funding systems. This article is aimed at filling the gap and seeks to clarify the theoretical validity of the use of … performance-based research funding systems. The results demonstrate at least five arguments in favor of the statement that the use …
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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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independent research triggered by the grant competition, the extent of administrative expenses and the productivity of the … research financed by the grant are decisive. Our main implications for policy-makers and university managers are that …
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