Optimal research and development expenditures under an incremental tax incentive scheme (Q1058975)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal research and development expenditures under an incremental tax incentive scheme |
scientific article |
Statements
Optimal research and development expenditures under an incremental tax incentive scheme (English)
0 references
1985
0 references
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.
0 references
investment
0 references
epsilon-optimal policy
0 references
finance
0 references
incremental tax incentive
0 references
optimal R and D spending
0 references
profit maximizing firm
0 references
one-period-memory piecewise linear incentive scheme
0 references
