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- W2072279063 abstract "Abstract Welfare analysis of monopolistic R&D is considered in this paper. The concept of reservation technology level as introduced in the economic literature is used. A reservation technology level is defined as that technology level, such that an R&D decision maker is just indifferent between doing R&D or not. It is demonstrated that a monopolist is less persistent in R&D search than a social welfare maximizer in the sense that a monopolist has a lower reservation technology level than a social welfare maximizer." @default.
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- W2072279063 date "1983-01-01" @default.
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- W2072279063 title "A welfare analysis of monopolistic R & D" @default.
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- W2072279063 doi "https://doi.org/10.1016/0165-1765(83)90063-0" @default.
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