Perez-Alaniz, Mauricio; Lenihan, Helena; Doran, Justin; … - 2024
. This is especially true if firms use this support to develop radical innovation, defined as new-to-market goods and … services. However, radical innovation is risky, and prone to failure. Therefore, subsidising radical innovation can also … a way that encourages radical innovation, while avoiding policy failure, is crucial. Our paper investigates, for …