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An Evaluation of Federal Policy Instruments to Stimulate Basic Research in Industry

Author

Listed:
  • Prafulla Joglekar

    (La Salle College)

  • Morris Hamburg

    (University of Pennsylvania)

Abstract

A model of the resource allocation behavior of a group of firms demonstrates that unaided industry allocation to basic (inappropriable) research is suboptimal. Furthermore, provision of seed money is generally counterproductive, while the provision of a matching subsidy is not very cost-efficient in increasing the allocation. Innovative policy alternatives are proposed.

Suggested Citation

  • Prafulla Joglekar & Morris Hamburg, 1983. "An Evaluation of Federal Policy Instruments to Stimulate Basic Research in Industry," Management Science, INFORMS, vol. 29(9), pages 997-1015, September.
  • Handle: RePEc:inm:ormnsc:v:29:y:1983:i:9:p:997-1015
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    File URL: http://dx.doi.org/10.1287/mnsc.29.9.997
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    Cited by:

    1. Joglekar, Prafulla & Hamburg, Morris, 1996. "Conditions for government support of private research and development," European Journal of Operational Research, Elsevier, vol. 94(3), pages 626-630, November.

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