Does In-house R&D Increase Bargaining Power? Evidence from the Pharmaceutical Industry
| Autor: | Fabio Pammolli, Ashish Arora, Jiwoong Yoon, William B. Vogt |
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| Rok vydání: | 2004 |
| Předmět: | |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.670304 |
| Popis: | According to Gans & Stern (1999), firms engage in RD although, the effect is small. In the absence of the bargaining power effect, spending on R&D would be about 6% lower than it is. We also find that entry of technology licensors reduces firms' own R&D but has a positive overall effect on innovation. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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