Another incentive for private firms to do R&D is to make their product at least 30% more valuable than the competition to compel customers to switch. Applies to b2b mostly and long-term products and contracts.
And another reason for why governments don’t do more R&D is that they cannot do it effectively, outside of the context of concrete problems and without resources (infrastructure, tools, know-how, data, etc.) available to a concrete firm.
Another incentive for private firms to do R&D is to make their product at least 30% more valuable than the competition to compel customers to switch. Applies to b2b mostly and long-term products and contracts.
And another reason for why governments don’t do more R&D is that they cannot do it effectively, outside of the context of concrete problems and without resources (infrastructure, tools, know-how, data, etc.) available to a concrete firm.