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.
| Original language | English |
|---|---|
| Pages (from-to) | 134-156 |
| Number of pages | 23 |
| Journal | Journal of Economic Dynamics and Control |
| Volume | 91 |
| DOIs | |
| Publication status | Published - Jun 2018 |
| Externally published | Yes |
Keywords
- Differential games
- Endogenous market structure
- Heterogeneous innovations
- Learning by doing
- Technological spillovers
Fingerprint
Dive into the research topics of 'Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver