market failure, government inefficiency, and optimal r&d ... · market failure, government...

Accepted Manuscript

Market failure, government inefficiency, and optimal R&D policy

Fidel Perez-Sebastian

PII: S0165-1765(15)00022-1DOI: http://dx.doi.org/10.1016/j.econlet.2015.01.012Reference: ECOLET 6626

To appear in: Economics Letters

Received date: 3 November 2014Revised date: 7 January 2015Accepted date: 10 January 2015

Please cite this article as: Perez-Sebastian, F., Market failure, government inefficiency, andoptimal R&D policy. Economics Letters (2015),http://dx.doi.org/10.1016/j.econlet.2015.01.012

This is a PDF file of an unedited manuscript that has been accepted for publication. As aservice to our customers we are providing this early version of the manuscript. The manuscriptwill undergo copyediting, typesetting, and review of the resulting proof before it is published inits final form. Please note that during the production process errors may be discovered whichcould affect the content, and all legal disclaimers that apply to the journal pertain.

*Highlights (for review)

*Manuscript as pdfClick here to view linked References

Figure

Clic

k h

ere

to d

ow

nlo

ad h

igh

res

olu

tio

n im

age