University-firm competition in basic research and university funding policy

Rune Stenbacka*, Mihkel Tombak

*Motsvarande författare för detta arbete

Forskningsoutput: TidskriftsbidragArtikelPeer review

3 Citeringar (Scopus)

Sammanfattning

We characterize equilibrium investments in basic research by the commercial and university sectors contingent on public funding of the university. We find that firms invest in basic research despite the opportunities for free riding and we present conditions under which firms even have incentives to augment the public funding to the university. We characterize the socially optimal volume of public funding for the university sector. Finally, we compare total investments in a mixed duopoly with those of duopolies composed of two universities as well as two profit‐maximizing firms.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftJournal of Public Economic Theory
Volym22
Utgåva4
Sidor (från-till)1017-1040
Antal sidor24
ISSN1097-3923
DOI
StatusPublicerad - 09.03.2020
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi

Styrkeområden och områden med hög potential (AoS och AoHP)

  • AoS: Konkurrensanalys och servicestrategi - Kvantitativt konsumentbeteende och konkurrensekonomi

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