The Organization of R&D in American Corporations: The Determinants and Consequences of Decentralization
---- Acknowledgements -----
We thank seminar participants at the 2010 NBER Summer institute, IFN Stockholm Conference, HBS TOM Seminar, Technion Israel Strategy Conference, as well as Nick Bloom, Tom Hubbard, Will Mitchell, Raffaella Sadun, Mark Schankerman, John Van Reenen, Nathan Letts and Ray Gilmartin for helpful comments. We thank Hadar Gafni for excellent research assistance. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.