Andergassen, Rainer; Nardini, Franco; Ricottilli, Massimo - In: Journal of Economic Dynamics and Control 33 (2009) 10, pp. 1779-1795
This paper investigates the research and development activity of heterogeneous and rationally bounded firms. The latter conduct this activity through in-house research and by collecting information originating in other firms' spillovers. Thus, research and development activity owes both to...