Information Externalities, Free Riding, and Optimal Exploration in the UK Oil Industry
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https://www.nber.org/papers/w33067
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资源简介：
Information spillovers between firms can reduce R&D incentives if competitors can free ride on innovations. However, strong property rights may impede cumulative research and lead to inefficient duplication. These effects are particularly relevant in natural resource exploration, where discoveries
提供机构：
美国国家经济研究局
创建时间：
2024-10-01
