Back to Basics: Why do Firms Invest in Research?
NBER Working Paper No. 23187
---- Acknowledgments ----
We would like to thank Wes Cohen and Andrea Patacconi for helpful comments and suggestions. We thank the Fuqua School of Business, Duke University, for research support. All remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.