Wilder, Ronald P.; Stansell, Stanley R. - In: Bell Journal of Economics 5 (1974) 2, pp. 646-650
This paper develops a model of the determinants of R&D outlays of privately owned electric utilities and tests the model empirically with data for the years 1968 through 1970. The findings are that R&D outlays have an elasticity greater than one with respect to firm size, and are positively...