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Research and development (R&D) and innovation today absorb very considerable resources. These activities have great influence on the policies of industrial firms, government departments, universities ...![](/images/blue.gif)
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Inefficiency in Legislative Policy-Making: A Dynamic Analysis
Legislative Policy-Making A Dynamic Analysis
2014/3/12
This paper develops an infinite horizon model of public spending and taxation in which policy decisions
are determined by legislative bargaining. The policy space incorporates both productive a...