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Effects of coordinated strategies on product and process R&D

Journal of Economics, no. 3 (2009): 193-222

Cited: 66|Views21

Abstract

Using a game theoretical model on firms’ simultaneous investments in product and process R&D, we advance and empirically test hypotheses on the role of externalities on the optimal R&D portfolio of cooperating firms and independently competing firms. We use Community Innovation Survey data on 3,696 Italian manufacturing firms. In line w...More

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