Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5054229 | Economic Modelling | 2014 | 11 Pages |
Abstract
This paper constructs an ex-ante asymmetric R&D Cournot differential game with knowledge spillovers. It shows that in the long-run equilibrium firms have incentives to innovate as long as the knowledge externalities are bidirectional. We also carry out a series of numerical simulations of the differential game to illustrate our results.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yee Jiun Yap, Shravan Luckraz, Siew Kian Tey,