Nakamura, Kenta; Odagiri, Hiroyuki - In: Economics of Innovation and New Technology 14 (2005) 7, pp. 583-615
This paper studies the firm's decisions on in-house R&D and its procurement from outside through commissioned R&D, joint R&D, and technology acquisitions (i.e., licensing-in). Using the data about 14,000 manufacturing firms in Japan, we estimate a modified double-hurdle model in which the first...