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Showing 1 to 1 of 1 for “"Dynamic R&D"”.
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Economics of innovation: competition, clubs and the environment
… due to emission concerns is evaluated. Using a dynamic approach, we derive a firm’s optimal R&D investment strategy to develop clean technology. Explicitly allowing for the cumulative nature of R&D shows that emissions per unit of output are lowest when the firms cooperate in R&D, and show that …