Arbeitspapier
International Competition for R&D Investments
Two jurisdictions compete to attract shares of the R&D investment budget of a large multinational enterprise, whose investments potentially confer positive spillovers on national firms. The firm contributes to local welfare by these spillovers (should they materialize), by tax payments and by dividends paid to local investors. The firm has private information both about its efficiency and about spillovers, and in particular whether the latter do exist or not. It is shown that strategic tax competition may lead to overinvestments relative to the first-best allocation, that the excessive investments occur in the country where the positive spillover effects are lowest, and that they are most severe for the least efficient firms.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 316
- Klassifikation
-
Wirtschaft
- Thema
-
Tax competition
R&D
common agency
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Olsen, Trond
Osmundsen, Petter
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Olsen, Trond
- Osmundsen, Petter
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2000
Ähnliche Objekte (12)
The effect of public information on competition and R&D investment
The R&D Investment-Uncertainty Relationship: Do Competition and Firm Size Matter?
Optimal R&D investment strategies with quantity competition under the threat of superior entry
Optimal Investment in R&D with International Knowledge Spillovers
Competition and persistence of R&D
Relative performance and R&D competition
R&D investment under financing constraints
Financial markets and R&D investments
Fragmented property rights and R&D competition
Innovation, competition and incentives for R&D
Innovation, competition and incentives for R&D
Service-sector competition, innovation and R&D
The effect of public information on competition and R&D investment
The R&D Investment-Uncertainty Relationship: Do Competition and Firm Size Matter?
Optimal R&D investment strategies with quantity competition under the threat of superior entry
Optimal Investment in R&D with International Knowledge Spillovers
Competition and persistence of R&D
Relative performance and R&D competition
R&D investment under financing constraints
Financial markets and R&D investments
Fragmented property rights and R&D competition
Innovation, competition and incentives for R&D
Innovation, competition and incentives for R&D
Service-sector competition, innovation and R&D
The effect of public information on competition and R&D investment
The R&D Investment-Uncertainty Relationship: Do Competition and Firm Size Matter?
Optimal R&D investment strategies with quantity competition under the threat of superior entry
Optimal Investment in R&D with International Knowledge Spillovers
Competition and persistence of R&D
Relative performance and R&D competition
R&D investment under financing constraints
Financial markets and R&D investments
Fragmented property rights and R&D competition
Innovation, competition and incentives for R&D
Innovation, competition and incentives for R&D