Firms increasingly perform research and development (R&D) at locations outside their home countries. We refer to this development as the internationalisation of business R&D. The internationalisation of R&D has become an important trend that shapes the national innovation systems of all EU and...

We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral (cooperative) determination of competition policy, exploring the properties of the policy equilibrium. It is not imperfect competition, but variation in competitive stance between...