MÁÑEZ, JUAN A.; ROCHINA-BARRACHINA, MARÍA E.; … - In: Journal of Industrial Economics 57 (2009) 4, pp. 712-735
We present a dynamic empirical model of a firm's R&D decisions that is consistent with the existence of sunk R&D costs, taking into account that these costs may differ between small and large firms, and among different technological regimes. We estimate a multivariate dynamic discrete choice...