There are several papers that use the simple search paradigm to analyze R&D investment. Here the firm invests a fixed amount each period, at the end of which, the value of the innovation is determined. Having this information available, the firm decides whether to stop the R&D project or not, i.e., to accept or reject what that period offers.\nThe purpose of this note is to describe the simple search model in the R&D cases, as well as to elaborate on some of the implications of the model. It is of particular interest to compare two frameworks for subsidie
How to Cite
Vatter, J. (2016). Nota técnica 2: A simple search model applied to R&D. Estudios De Economía, 20(1), pp. 205–212. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40672
