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Kesavayuth, Dusanee and Zikos, Vasileios (2013) R&D versus output subsidies in mixed markets. Economics Letters, 118 (2). pp. 293-296.


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We analyse the relative welfare effects of an R&D and an output subsidy in a mixed duopoly. We show that an R&D subsidy is beneficial for society as a whole, and socially superior to an output subsidy, when spillovers are sufficiently high. Otherwise, an output subsidy is socially superior.

Item Type: Article
Uncontrolled Keywords: Mixed duopoly; Output subsidies; R&D subsidies; Spillovers
Subjects: Economics > Economic Theory and Research
Divisions: Research Center > Research Support Office
Depositing User: Miss Niramol Sudkhanung
Date Deposited: 22 Jun 2016 02:34
Last Modified: 22 Jun 2016 02:34
URI: http://eprints.utcc.ac.th/id/eprint/5689

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