Hinloopen, J.; Smrkolj, G.; Wagener, F.O.O. - Center for Nonlinear Dynamics in Economics and Finance … - 2011
Existing models of R&D are not easily reconciled with four observable aspects of R&D: initial technologies (“ideas”) need to be developed further, only a minority of initial ideas is successfully brought to the market, production and process innovations take place simultaneously (whereby,...