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Advisor(s)
Abstract(s)
We consider an R&D investment function in a Cournot duopoly competition model inspired in the logistic equation. We study the economical effects resulting from the firms having different R&D efficiencies. We present three cases: (1) both firms are efficient and have the same degree of efficiency; (2) both firms are less efficient and have the same degree of efficiency; (3) firms are asymmetric in terms of the efficiency of their R&D investment programs. We study the myopic dynamics on the production costs obtained from investing the Nash investment equilibria.
Description
Keywords
Strategic R&D Cournot duopoly Patents
Citation
Ferreira, M.; Almeida, João P.; Oliveira, B.M.P.M.; Pinto, Alberto A. (2016). R&D dynamics with asymmetric efficiency. In Soler, Lluís Alsedà [et al.] (Eds) Difference Equations, Discrete Dynamical Systems and Applications. Springer Verlag.180, p. 73-83. ISBN 978-3-662-52927-0
Publisher
Springer Verlag