Investment in R&D, Costs of Adjustment, and Expectations
Published Date
Copyright 1984
ISBN 0226308847
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Copy CitationMark Schankerman and M. Ishaq Nadiri, R&D, Patents, and Productivity (University of Chicago Press, 1984), chap. 16, https://www.nber.org/books-and-chapters/rd-patents-and-productivity/investment-rd-costs-adjustment-and-expectations.
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Working Paper
This paper proposes a framework which integrates convex costs of adjustment and expectations formation in the...