In a R&D tournament setting with free entry and knowledge spillover, we show that the society would suffer from excessive entry and the patent holder would endure lower profits than non-patent holders because it bears the cost of commercializing and further technology development, while the other...
Enlace original:
https://repositorio.uahurtado.cl/handle/11242/2152
Mukherjee, Arijit
,
Wang, Leonard F.S.
,
[The Winner Curse and Social Inefficiency: Double Whammy of R&D Tournament]
,
The Winner Curse and Social Inefficiency: Double Whammy of R&D Tournament
