in Oxford Economic Papers
April 2010; p ublished online May 2009 .
Journal Article. Subjects: Technological Change; Research and Development; Econometric and Statistical Methods; Special Topics; Market Structure, Firm Strategy, and Market Performance. 9313 words.
Although many companies compete through the development of new technologies and products, it is well known that innovation is inherently risky and therefore may increase the ex ante likelih...