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Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 3963908
Author(s) Bondarev, Anton; Greiner, Alfred
Author(s) at UniBasel Bondarev, Anton
Year 2017
Title Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
Journal Journal of Economic Dynamics and Control
Volume 91
Pages / Article-Number 134-156
Abstract In this paper we analyze the dynamics of an R&D differential game allowing for technological spillovers and sigmoid learning functions of multiproduct oligopolies. We demonstrate how the presence of learning together with spillovers may generate a rich set of outcomes, varying from constant leadership to catching-up and falling behind as well as from technology lock-in to a situation with a large number of high quality products. These types of outcomes are qualitatively different both from the single firm dynamics with learning and from the duopoly case with spillovers and without learning.
Publisher Elsevier
ISSN/ISBN 0165-1889
URL http://www.sciencedirect.com/science/article/pii/S0165188917302051
edoc-URL http://edoc.unibas.ch/56528/
Full Text on edoc No
Digital Object Identifier DOI 10.1016/j.jedc.2017.10.001
 
   

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