satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple … savings reduces interest rates, which boosts the rate of innovation. When TFP grows exogenously and labor supply is …

costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … monitoring, requires knowledge disclosure and involves the risk of opportunistic behaviour by the partners. Thus, while the net … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher …