Vlassis, Minas; Varvataki, Maria - Department of Economics, University of Crete - 2014
investments. We show that, separate firm-level unions are sustained in the equilibrium, where product quality and the level of R&D … percentage of the cost of firm-specific R&D investments. In both cases he finances those costs by indirect taxation on market …, or not, and the impact of their decisions upon the firmsâ�� incentives to individually spend on R&D …