Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/113690 
Year of Publication: 
2013
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 48 [Issue:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2013 [Pages:] 99-105
Publisher: 
Springer, Heidelberg
Abstract: 
The primary aim of the reform of EU rules on research, development and innovation for the period 2014-20 is to ensure that aid stimulates more research and that it is kept to the minimum necessary. This paper develops a simple model that identifies a number of problems in the public funding of private research and demonstrates that the determination of the optimum subsidy for research is a complex task. The results suggest that research subsidies should be allocated in a way that reduces the amount of subsidy per recipient firm and ensures that the subsidies go to more efficient firms.
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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