Intensit� de R&D et r�glementation de march�
Motivated by the consequences of firm’s defensive behavior, we test the impact of market regulation on R&D effort. Our estimates show that this impact is positive, namely on high technology industries. Besides the view of monopolistic profits as innovation rewards, these results can be explained if one envisages market regulation as controlling the outcome of firm rivalry. Classification JEL : 03, L1, L6
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