Belderbos, Rene; Lykogianni, Elissavet; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2005
We analyse strategic interaction in R&D internationalization decisions by two multinational firms competing both abroad and in their home markets and examine different incentives for foreign R&D faced by technology leaders and technology laggards. The model takes into account the impact of local...