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Working Paper

Who should do R and who should do D?

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This article studies the reasons for the under-investment in research vs. development in the decentralized equilibrium and argues that this bias provides a micro-foundation for the government direct involvement in conducting applied research rather than just financing it.

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COMIN -Diego-Who-should-do-R (pdf, 98.37 KB)

Who should do R and who should do D?

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