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We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...
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Forschung findet global statt und nimmt in unserer Gesellschaft einen immer größeren Stellenwert zur Sicherung des …Forschung findet global statt und nimmt in unserer Gesellschaft einen immer größeren Stellenwert zur Sicherung des …
Persistent link: https://www.econbiz.de/10014482477
Research and development (R&D) expenditure in Germany decreased by 5.3 percent overall in 2020 compared to 2019. While … sector, suffered particularly. The decline in R&D personnel, however, was lower. Even before 2020, German industrial research … knowledge gained internationally, for example through their own research units abroad or through international research …
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