Optimal research and development expenditures under an incremental tax incentive scheme
type: Item
instance of: scholarly article
title: Optimal research and development expenditures under an incremental tax incentive scheme
zbMATH Open document ID: 0565.90036
DOI: 10.1016/0167-6377(85)90038-0
author: Pierre L'Ecuyer
author: A. Hollander
author: Alain Haurie
published in: Operations Research Letters
publication date: 1985-01-01T00:00:00Z
review text: The effect of an incremental tax incentive on optimal R and D spending of a profit maximizing firm is investigated. A dynamic programming approach permits the complete characterization of an optimal policy for a one- period-memory piecewise linear incentive scheme, and efficient computation of an \(\epsilon\)-optimal policy in the more general case.
Mathematics Subject Classification ID: 90B99
Mathematics Subject Classification ID: 90C39
Mathematics Subject Classification ID: 91B38
Mathematics Subject Classification ID: 90C90
zbMATH DE Number: 3902385
zbMATH Keywords: investment
zbMATH Keywords: epsilon-optimal policy
zbMATH Keywords: finance
zbMATH Keywords: incremental tax incentive
zbMATH Keywords: optimal R and D spending
zbMATH Keywords: profit maximizing firm
zbMATH Keywords: one-period-memory piecewise linear incentive scheme
MaRDI profile type: Publication
full work available at URL: 0167-6377(85)90038-0
OpenAlex ID: W2007783028
cites work: Discounted Dynamic Programming
cites work: Stochastic optimal control. The discrete time case
cites work: Q5578711
cites work: Q5599448
cites work: A stochastic control approach to group preventive replacement in a multicomponent system
description: scientific article; zbMATH DE number 3902385