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In Germany, R&D subsidies are an important tool to support innovation in the private sector. This paper studies the welfare effects of R&D subsidies distributed through the German federal government’s thematic R&D programs between 1994 and 2011. The analysis is based on a structural model of...
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importance of antitrust issues as an addition to the theory. -- R&D ; endogenous coalitions ; asymmetric firms …
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