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Optimal Regulation of Research and Development Under Imperfect Information

dc.contributor.authorSappington, Daviden_US
dc.date.accessioned2013-11-14T23:22:15Z
dc.date.available2013-11-14T23:22:15Z
dc.date.issued1981-12en_US
dc.identifier.otherMichU DeptE CenREST RSQE D45en_US
dc.identifier.otherD210en_US
dc.identifier.otherD240en_US
dc.identifier.otherO310en_US
dc.identifier.otherD830en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/100947
dc.description.abstractThe optimal regulatory strategy to promote research and development aimed at cost reduction is derived in an environment where the firm's information about the technology of cost reduction, although initially imperfect, is better than that of the regulator. The manner in which the optimal regulatory strategy varies with changes in the informational environment is also described.en_US
dc.description.sponsorshipCenter for Research on Economic and Social Theory, Research Seminar in Quantitative Economics, Department of Economics, University of Michiganen_US
dc.relation.ispartofseriesDiscussion Paperen_US
dc.subjectResearch and Developmenten_US
dc.subjectRegulationsen_US
dc.subjectLinear Incentive Schemeen_US
dc.subject.otherFirm Behavioren_US
dc.subject.otherProductionen_US
dc.subject.otherCosten_US
dc.subject.otherCapital and Total Factor Productivityen_US
dc.subject.otherCapacityen_US
dc.subject.otherInnovation and Invention: Processes and Incentivesen_US
dc.subject.otherSearchen_US
dc.subject.otherLearningen_US
dc.subject.otherInformation and Knowledgeen_US
dc.subject.otherCommunicationen_US
dc.subject.otherBeliefen_US
dc.titleOptimal Regulation of Research and Development Under Imperfect Informationen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/100947/1/ECON393.pdf
dc.owningcollnameEconomics, Department of - Working Papers Series


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