An Evaluation of Federal Policy Instruments to Stimulate Basic Research in Industry
- 1 September 1983
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 29 (9) , 997-1015
- https://doi.org/10.1287/mnsc.29.9.997
Abstract
A model of the resource allocation behavior of a group of firms demonstrates that unaided industry allocation to basic (inappropriable) research is suboptimal. Furthermore, provision of seed money is generally counterproductive, while the provision of a matching subsidy is not very cost-efficient in increasing the allocation. Innovative policy alternatives are proposed.Keywords
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