design of innovation policies aimed at R&D collaboration and technology diffusion. …

that the sunk costs of innovation are lower when collaborating with a research partner, and that a firm's probability of … investing in R&D or innovation increases with the level of productivity, only when collaborating in R&D and innovation. We also … find that the sunk costs of innovation are 1.5 to 3 times lower than the sunk costs of R&D. Additionally, it can be seen …