This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-technology industries is related to differences across industries in the appropriability level facing small firms. We exploit a novel test based on the relationship...

Numerous attempts have been made to account for cross-industries differences in technological efforts; most of them have been accomplished along the lines of the structure-conduct-performance hypothesis. It is our purpose to reverse such an approach in the light of the latest theoretical and...