ARvH DvH JRJ ACKNOWLEDGEMENTS The research reported on in this book spans a period of twelve years. In that time I have been helped by many colleagues, students, innovators, and research sponsors. I have striven to make the research and this book worthy of the generous help I have been given. for giving me many valuable comments as the research proceeded. I… (More)
This paper studies the nature and consequences of competition in R&D and the relationship between this form of competition and competition in the product market, by focusing on comparisons of speed of research, number of independent research laboratories, and level of risk undertaken. Among the results: competition in the current product market reduces the… (More)
– This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. A survey focusing on econometric studies in this area reveals a plethora of sometimes confusing and frequently contradictory estimates of the response… (More)
My assigned topic is the question: Can policymakers spur or deter technological change? The question is to be addressed from a micro perspective, by examining policies regarding research and development (R&D), patents, and competition. Since there is no point in keeping the reader in suspense, I shall argue that government policy plays a major role in… (More)
Three studies are summarized here. 1. Tull's Study Tull (1967) 1 conducted a survey that obtained information from 16 companies. These firms tended to be larger and more profitable than typical firms in the categories examined. The products were first introduced from 1955-1963. The range of products reported by companies was from one to six. In all cases… (More)
and participants at the conference are gratefully acknowledged.