Pérez-Castrillo, David; Cassiman, Bruno; Veugelers, … - Departament d'Economia i Història Econòmica, … - 2000
In this paper we carefully link knowledge flows to and from a firms innovation process with this firms investment … results indicate that firms with small budgets for innovation will not invest in basic research. This occurs in the short run … necessarily symmetric.
Martin (1999) similarly distinguishes in a two-firm R&D patent race between input
spillovers and post-innovation …