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Social Insurance and the Design of Innovation Incentives

Darius N. LakdawallaNeeraj Sood

出版	SSRN, 2015
URL	http://books.google.com.hk/books?id=0Z_azwEACAAJ&hl=&source=gbs_api

註釋

We consider the insurance aspects of research policy. Patents or rewards have an advantage over research subsidies when a new invention replaces an existing good at lower cost. Research subsidies have an advantage when inventions spawn an entirely new product.