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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. WWZ Working Papers, 2017 (02).

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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 frm 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)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Bondarev, Anton A.
Item Type:Working Paper
Publisher:WWZ, University of Basel
Number of Pages:41
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2017/02
Last Modified:07 Mar 2018 13:05
Deposited On:07 Mar 2018 13:05

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