Electronic Resource
Springer
Journal of evolutionary economics
5 (1995), S. 71-89
ISSN:
1432-1386
Keywords:
Damoclean tax
;
Innovation
;
R&D
;
Tax credit
;
Cooperative R&D
;
L13
;
L43
;
O32
;
O38
;
H21
;
H25
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract The paper presents a novel tax that is designed to improve the performance of research and development (R&D) investments. Ideally, the tax allows the technical efficiencies of monopoly while bringing about the desirable effects of the competitive pressure of R&D rivalry. Thus, with the tax, the state can sanction a monopoly of R&D investment in order to attain technical efficiencies and yet avoid the underinvestment in R&D that would result without competitive pressures. A critique of the tax emphasizes the problems of implementing it and offers a more practical alternative that would achieve the same desirable effects.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01199671
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