Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4078 |
DP4078 Location of R&D and High-Tech Production by Vertically-Integrated Multinationals | |
Karolina Ekholm; Katariina Hakkala | |
发表日期 | 2003-10-23 |
出版年 | 2003 |
语种 | 英语 |
摘要 | This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different qualities. This study examines the incentives of incumbent firms to introduce new products of various quality, their prices, as well as the product variety offered on the market. We find that the innovator always introduces a new product of higher quality and withdraws the existing product from the market. Providing an R&D subsidy to a high-quality firm results in a new product with higher quality than an R&D subsidy provided to a low-quality firm, at the expense of all consumers paying higher prices for all goods in the market. When the R&D subsidy is small, the low quality firm may not introduce a new product into the market, given that R&D costs for quality improvement are high and the degree of product differentiation is small. |
主题 | Industrial Organization |
关键词 | Innovation Subsidies Vertical product differentiation Asymmetric firms New product introduction Technology policy |
URL | https://cepr.org/publications/dp4078 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533054 |
推荐引用方式 GB/T 7714 | Karolina Ekholm,Katariina Hakkala. DP4078 Location of R&D and High-Tech Production by Vertically-Integrated Multinationals. 2003. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。