Gretz, Richard; Highfill, Jannett; Scott, Robert - In: The Journal of Technology Transfer 37 (2012) 4, pp. 385-403
-firm intra-industry trade model. Two funding structures are compared: “cost sharing” vs. “reward for performance.” Both the …&D are always complements. In the reward for performance program government and firm R&D may be complements, but are usually … substitutes. In the Monte Carlo results the average firm contribution to R&D expenditure is actually negative with a reward for …