We test the hypothesis that large firms devote a higher proportion of their expenditure on research and development (R&D) on process innovation than smaller firms.

The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs).

Incremental tax credits have been used as a tool in order to stimulate R&D expenditures. This paper studies the dynamic response of firms through a model of investment.

This paper identies an overlooked implication of models of research joint ventures initiated by d'Aspremont and Jacquemin (1988). Even though the a ggregate R&D cost of identical rms in a research joint venture would be lowest if they invested equally to re- duce subsequent production costs,...