Lee, Chang-Yang - In: Journal of Industrial Economics 53 (2005) 1, pp. 101-122
This paper aims to shed some new insights on the long-debated and both extensively and intensively explored relationship between market concentration and industry R&D intensity. In order to do so, this study develops, from a classic <link rid="b10">Dorfman-Steiner [1954]</link> model of firm R&D, a model of industry...