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Evaluation and Learning in R&D Investment

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NBER2023-05-01 更新2025-01-04 收录
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We investigate the role of knowledge spillovers in determining firms' incentives to invest in exploratory versus incremental R&D. We link drug candidates to molecularly similarly drugs that are developed in the future and show that novel drug candidates generate greater knowledge spillovers: they

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2023-05-01
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