Wörter, Martin; Rammer, Christian; Arvanitis, Spyridon - 2010
&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment. -- Innovation ; R …This paper analyses the relationship between past innovation output, competition, and future innovation input in a … substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent …