International Process R&D Competition in the Presence or Absence of Government Intervention

• 발행기관: 한국무역연구원
• 저자명: Il-Seok Yang
• 간행물 정보: 『무역연구』제15권 제2호, 45~54쪽, 전체 10쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2019.04.30

영문 초록

This paper analyzes and compares the equilibrium levels of R&D, output, price, firm profit, social welfare, and consumer surplus in a third country in the presence and absence of government intervention. Moreover, it compares some results in the case that governments intervene in the market with R&D subsidies or taxes to those in a case in which governments intervene in the market with export subsidies or taxes. We show that the optimal R&D subsidy is positive regardless of the efficiency of R&D and the nature of goods, except independent goods. This result is similar to the case of an export subsidy. We also show that the results from the comparison of the equilibrium levels of output, price, firm profit, and social welfare with and without government intervention are similar to those from a case where governments intervene in the market with export subsidies or taxes.

목차

Ⅰ. Introduction

Ⅱ. The Basic Model

Ⅲ. Equilibrium in the Presence of Government Intervention

Ⅳ. Equilibrium in the Absence of Government Intervention

Ⅴ. Concluding Remarks

키워드

Cournot Competition Government Intervention International Trade Process R&D R&D Subsidy