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- W2141902009 abstract "We present evidence that small firms perform two to four times more innovations per dollar of RDthan large firms. We propose a search theory of RDthat accounts for the evidence. A firm incurs RDexpenses until it has discovered a level of RDproductivity that is sufficiently great to warrant stopping the search. We show that because the large number of RDprojects run by a large firm becomes a substitute for enhanced RDproductivity, the average RDproductivity of a firm is decreasing in firm size." @default.
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- W2141902009 date "2007-08-31" @default.
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- W2141902009 title "Innovation, Firm Size, and RDSearch" @default.
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