Gersbach, Hans; Schmutzler, Armin - 1999
-reducing innovation before they engage in competition for each other's R&D-employees. Successful bids for the competitor's employee then … result in higher levels of cost-reduction. Finally, firms enter product market competition. We apply the approach to the long …-standing debate on the effects of the mode of competition on innovation incentives. We show that incentives to acquire spillovers are …
