Government Subsidies Transmission Mechanism to High-tech Research and Development Firms
This paper considers the Government subsidies policy transmission mechanism to two Cournot competing firms,both of which have same products and plan high- tech research and development.The problem is studied using a game model with different stages in a technology cycle. The high-teeh research and development firm will obtain government subsidies,and according to the time value of money on the two firms,we make a discount calculation about the two enterprises profit. We analyze government subsidies policy transmission mechanism to high-tech research and development firm by comparing the results of market equilibrium.Our results highlight only the two firms investing equally in research and development is a stable equilibrium.
Subsidies Time value Cournot
ZHANG Hanjiang LI Haixia
College of Economies and Trade,Hunan University,Changsha,China
国际会议
The 3rd International Conference on Logistics and Supply Chain Management 2010(第三届物流与供应链管理国际研讨会)
长沙
英文
78-83
2010-07-18（万方平台首次上网日期，不代表论文的发表时间）