Abstract
We show that the presumed incompatibility of uncoordinated RD and competition is not fundamental, but hinges on the nature of RD spillovers. As a consequence, RD subsidies may be more effective than previously thought.
Original language | English |
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Pages (from-to) | 1-5 |
Journal | Economics Bulletin |
Volume | 12 |
Publication status | Published - 2004 |