Peters, Bettina; Roberts, Mark J.; Vuong, Van Anh; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
linkages between the firm's R&D investment, product and process innovations, and future productivity and profits. The dynamic …'s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … model provides a natural measure of the long-run payoff to R&D as the difference in expected firm value generated by the R&D …