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Title: |
R&D Spillovers, Technology Cartel, and
Monopoly Regulation |
| Author: |
Lee, Sang-Ho |
| Author
Affiliation: |
Chonnam U |
| Source: |
International Economic Journal, Autumn 1998, v. 12, no. 3, pp. 77-88 |
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Publication Date: |
Autumn 1998 |
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Abstract: |
In the presence of R&D spillovers, this
paper analyzes the regulated firms' R&D performances according to their
noncooperative or cooperative R&D activities. First, it analyzes the R&D
equilibrium in local (natural) monopolies, examines its welfare effects,
and finds some relationship between output regulation and R&D
performance. Next, it proposes an optimal R&D subsidy mechanism that
induces regulated firms to implement the social optimum, and discusses
about the regulatory R&D subsidies policy. |
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