Competition and R&D Financing Decisions: Theory and Evidence from the Biopharmaceutical Industry
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How does competition affect innovation and how it is financed in R&D-intensive firms? We study the interaction between competition, R&D investments, and the financing choices of such firms using data on biopharmaceutical firms. To motivate the empirical hypotheses, we develop a model for such firms
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美国国家经济研究局创建时间：
2015-02-01
