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his paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity … Innovation Panel" of the Center for European Economic Research from the years 1995 and 1996. We use only small and medium sized …
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market (innovation). It turns out that spillovers from rivals lead to more imitation, while input from customers and research … institutions enhance original innovation. …
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Summary This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative … Innovation Panel" of the Center for European Economic Research from the years 1995 and 1996. We use only small and medium sized …
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