Erkal, Nisvan (contributor); Scotchmer, Suzanne (contributor) - 2007
&D environment begin with some sort of production
function for knowledge, which says how the investment of resources will accelerate … reductions. It is usually assumed that the production function is
common knowledge.
The production-function model of innovation … knowledge.
The model in this paper tries to bridge the gap. As in O’Donoghue, Scotchmer and
Thisse (1998), we distinguish …