G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4078
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
URLhttps://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.
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