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One of the strategic goals defined in Lisbon in 2000 was to enhance innovation in the EU. The economic rationale for … and Development (R&D) tax credit and an output tax incentive, the innovation box. The aim of these incentives is to make …
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Monitoring technologies and pay for performance contracts are becoming popular solutions to improve public services delivery. Their track record is however mixed. To show why this may be the case, this paper develops a principal agent model where agents' motivations vary and so does the...
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who hire workers in R&D functions to make product innovations. The innovation process consists of distinct phases …
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