
handle: 1813/57980
This paper develops a political economy framework that determines the factors causing underinvestment in public research expenditures. Governments are unable to fully compensate for unequal income distribution effects of research because of either their inability to make credible commitments or of deadweight costs associated with compensation.
330, Political Economy, Research and Development/Tech Change/Emerging Technologies,
330, Political Economy, Research and Development/Tech Change/Emerging Technologies,
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