Posch, Olaf; Wälde, Klaus - Department of Economics, Adam Smith Business School - 2006
, Poisson uncertainty
JEL classification numbers: C65, E32, E62, H3, O33
1
Olaf Posch: Department of Economics, University of … modelled by the Poisson process q where the probability
per unit of time dt of an innovation, i.e. of successful R&D, is given …-level Poisson processes q
f
can be added up, we obtain
λ =
R
D
h
µ
R
D
¶
≡
µ
R
D
¶
1−γ
, 0 <γ<1, (1)
at the sectoral level where h …