Abstract
This paper analyzes the return to R & D and shows that R & D expenditures are correlated with firm monopoly power measured by the price cost margin. This may explain the above normal returns to R & D found in earlier empirical work.
Original language | English |
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Pages (from-to) | 355-359 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 12 |
Issue number | 3-4 |
DOIs | |
State | Published - 1 Jan 1983 |
Externally published | Yes |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics