Optimal research and development expenditures under an incremental tax incentive scheme (Q1058975)
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scientific article; zbMATH DE number 3902385
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| English | Optimal research and development expenditures under an incremental tax incentive scheme |
scientific article; zbMATH DE number 3902385 |
Statements
Optimal research and development expenditures under an incremental tax incentive scheme (English)
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1985
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The effect of an incremental tax incentive on optimal R and D spending of a profit maximizing firm is investigated. A dynamic programming approach permits the complete characterization of an optimal policy for a one- period-memory piecewise linear incentive scheme, and efficient computation of an \(\epsilon\)-optimal policy in the more general case.
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investment
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epsilon-optimal policy
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finance
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incremental tax incentive
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optimal R and D spending
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profit maximizing firm
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one-period-memory piecewise linear incentive scheme
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0.783507764339447
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0.7611993551254272
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0.7525647282600403
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0.74317467212677
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0.7414928674697876
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