In a two-period spatial competition model, a government that can buy winning plans later is indifferent between funding all plans upfront and funding none, so the paper's diversity recommendation is an overclaim.
and Howitt, P., (1992) ”A Model of Growth Through Cr e- ative Destruction,” Econometrica, 60(2), 323-351
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Government Expenditure on Research Plans and their Diversity
In a two-period spatial competition model, a government that can buy winning plans later is indifferent between funding all plans upfront and funding none, so the paper's diversity recommendation is an overclaim.