R&D and subsidy policy with imperfect project classification

被引：1

作者：

Gehrig, Thomas ^{[1
,2
,3
,4
,5
]}

Stenbacka, Rune ^{[6
,7
]}

机构：

[1] Univ Vienna, Vienna, Austria

[2] CEPR, London, England

[3] ECGI, Brussels, Belgium

[4] SRC, Lincoln, England

[5] VGSF, Vienna, Austria

[6] Hanken Sch Econ, Helsinki, Finland

[7] Helsinki Grad Sch Econ, Helsinki, Finland

来源：

ECONOMICS LETTERS | 2023年 / 222卷

关键词：

Imperfect screening; R&D; Subsidy policy; INNOVATION;

D O I：

10.1016/j.econlet.2022.110966

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We characterize optimal subsidies for firms facing limitations in their ability to correctly classify risky R&D projects. We demonstrate that the optimal subsidy is an increasing function of firms' ability to reduce type-I errors in accepting projects with a success potential, and a decreasing function in their type-II error of adopting projects with no success potential. Moreover, the optimal subsidy is decreasing in the informational advantage regarding the assessment of project viability of private firms relative to the government.(c) 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).

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页数：4

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