Distribution of R & D and Basic Research Activity in Industry
In this chapter we consider applications of the basic model with respect to R & D allocations in U.S. industry. The choice of U.S. industry is primarily a result of the availability of detailed information on the type and degree of R & D activity in U S manufacturing companies published annually by the National Science Foundation in the Surveys of Science Resources series. However, in the light of Chapter 6 we would also expect the applicability of the model to be greatest in U.S. industries; the importance and prevalence of large corporations in the United States provide greater opportunity for the development of stable resource preference systems than in any other economy.
KeywordsLarge Firm Research Intensity Strict Convexity Preference System Technological Opportunity
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