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Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms
The paper analyses the impact of research and development subsidies on incumbent firms to introduce new goods. Findings indicate that find that the innovator always introduces a new product of higher quality and withdraws the existing
product from the market.
Available for purchase at: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=4090