Dakhlia, Sami; Temimi, Akram; Menezes, Flavio - In: Economics Bulletin 12 (2004) 7, pp. 1-5
We show that the presumed incompatibility of uncoordinated R&D and competition is not fundamental, but hinges on the nature of R&D spillovers. As a consequence, R&D subsidies may be more effective than previously thought.
