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Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers

Bondarev, Anton and Greiner, Alfred. (2017) Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers. Journal of Economic Dynamics and Control, 91. pp. 134-156.

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Official URL: http://edoc.unibas.ch/56528/

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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 firm dynamics with learning and from the duopoly case with spillovers and without learning.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Umweltökonomie (Krysiak)
UniBasel Contributors:Bondarev, Anton A.
Item Type:Article, refereed
Article Subtype:Research Article
Publisher:Elsevier
ISSN:0165-1889
Note:Publication type according to Uni Basel Research Database: Journal article
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Last Modified:26 Jul 2018 14:56
Deposited On:26 Jul 2018 14:56

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