Price-cap regulation and uncertain technical change

被引：2
|
作者：
Goel, RK [1 ]
机构：
[1] Illinois State Univ, Dept Econ, Normal, IL 61790 USA
来源：
APPLIED ECONOMICS LETTERS | 2000年 / 7卷 / 11期
关键词：
D O I：
10.1080/135048500421386
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper studies the effect of price-cap regulation on the research behaviour of a regulated firm and an external developer who are pursuing an uncertain innovation. Contributions of this work include incorporating innovation uncertainty and imperfect appropriability of innovation rewards into the analysis. In contrast to existing literature, it is found that a tighter price-cap diminishes the incentives for cost-reduction.
引用
收藏
页码：739 / 742
页数：4
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