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Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
Discussion paper / Internet publication
 
ID 4266066
Author(s) Bondarev, Anton; Greiner, Alfred
Author(s) at UniBasel Bondarev, Anton
Year 2017
Month and day 01-01
Title Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
Series title WWZ Working Papers
Volume 2017
Number 02
Pages 41
Publisher / Institution WWZ, University of Basel
Keywords endogenous market structure; learning by doing; technological spillovers; heterogeneous innovations; differential games
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 frm dynamics with learning and from the duopoly case with spillovers and without learning.
edoc-URL https://edoc.unibas.ch/61315/
Full Text on edoc Available
 
   

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