|
|||||
|
|
A dynamic model of R&D competition |
|
| Authors: | Giuseppe Confessore Paolo Mancuso |
| Affiliation: | a Istituto di Tecnologie Industriali e Automazione, Consiglio Nazionale delle Ricerche, Sezione di Roma, c/o DISP, Via del Politecnico, 1, 00133, Rome, Italy;b Dipartimento di Informatica, Sistemi e Produzione, Università di Roma “Tor Vergata” Via del Politecnico, 1, 00133, Rome, Italy |
| Abstract: | This study considers a dynamic model of R&D competition in a situation of no uncertainty with identical firms in a perfect foresight. We are going to find out about the effects of firms' absorptive capacity on R&D strategies in the presence of technological spillovers. The conditions for the existence and uniqueness of a feedback–Nash equilibrium on firms' R&D expense will be also discussed. Numerical simulations will show as the introduction of the absorptive capacity reduces the impact of spillovers degree on firms' R&D strategies. |
| Keywords: | absorptive capacity, cost-reducing R& D, dynamic non-cooperative feedback game |
| 本文献已被 ScienceDirect 等数据库收录！ | |