The Costs of Industrial Product Innovations

To help shed new light on the factors associated with the large differences among innovations in the percent of innovation costs devoted to R and D, detailed data were obtained concerning a sample of chemical innovations. A simple econometric model was used to test a number of tentative hypotheses advanced to help explain these differences. The model can explain about half of the observed variation.

• 저널Management Science · 21(12) · 1380–1386
• 토픽Innovation Policy and R&D · Economics and Econometrics
• DOI10.1287/mnsc.21.12.1380
• 저자Edwin Mansfield, John Rapoport