Karbowski, Adam; Prokop, Jacek - In: Entrepreneurial Business and Economics Review 7 (2019) 4, pp. 73-89
significantly higher individual R&D investments. For all values of knowledge spillovers, consumer surplus and social welfare are … regard to business and public policy implications, the large knowledge spillovers promote consumer surplus and social welfare … in the vertically integrated industry, while small knowledge spillovers promote process innovations in the vertically …