Government preference and the optimal choice of R\&D subsidy policy: innovation subsidy or product subsidy?
type: Item
instance of: scholarly article
title: Government preference and the optimal choice of R\&D subsidy policy: innovation subsidy or product subsidy?
zbMATH Open document ID: 1406.91231
DOI: 10.1155/2014/536370
author: Yongcong Yang
published in: Journal of Applied Mathematics
publication date: 2019-02-01T00:00:00Z
review text: Summary: Taking government preference into consideration, we consider a three-stage game model to compare the differences of innovation subsidy and product subsidy. The findings reveal that stronger preference to consumers' welfare leads to higher subsidy rates, which benefit not only consumers but also firms. To choose between the two subsidies, the optimal choice varies with the changing preference of policymakers. According to the results of numerical simulation, product subsidy is better than innovation subsidy in most cases, while the government's expenditure of the former one is larger than the latter one. Moreover, subsidizing firms symmetrically and asymmetrically has different effects on the consequences.
Mathematics Subject Classification ID: 91B38
Mathematics Subject Classification ID: 91A80
zbMATH DE Number: 7010673
Wikidata QID: Q59053449
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2014/536370
OpenAlex ID: W2066525939
description: scientific article; zbMATH DE number 7010673