Scott, Jhon T.; Scott, Troy J. - In: ECONOMIA E POLITICA INDUSTRIALE 2014/1 (2014) 1, pp. 25-53
This paper develops the theory of a U relation between seller concentration and R&D investment and integrates the new theory with the traditional expectation of an inverted-U relation. The paper illustrates the U relation, and the integrated U and inverted- U relations, for a single type of R&D...