Abstract
The object of this paper is to give a formal expression of the concept of threshold R&D levels, in the context of a very simple model. The existence of such a threshold and some factors affecting its magnitude are discussed. Some differences from a similar concept introduced by C. Freeman are discussed and related to the different goal postulated in the paper - zero profits instead of maintenance of market share.
Original language | English |
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Pages (from-to) | 395-402 |
Number of pages | 8 |
Journal | European Economic Review |
Volume | 7 |
Issue number | 4 |
DOIs | |
State | Published - May 1978 |