| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5098114 | Journal of Economic Dynamics and Control | 2016 | 5 Pages |
Abstract
Cellini and Lambertini [2009. Dynamic R&D with spillovers: competition vs cooperation. J. Econ. Dyn. Control 33, 568-582] study a dynamic R&D game with spillovers. This comment demonstrates that, contrary to what is claimed in their paper, the game is not state redundant and the open-loop Nash equilibrium is not subgame perfect.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Grega Smrkolj, Florian Wagener,