TY  - GEN
AB  - This paper discusses the role of technological spillovers and technological
races in dynamic strategic interactions setup. Two multiproduct regional
monopolies invest simultaneously into new products creation and into further
development of the quality of these products. They can benefit from the
costless technological spillover in the development of each such a product
in the case the other’s quality is higher. At the same time they cooperate in
the joint creation of new products. The dynamic interaction in this setting
previously considered only the situation with one of the monopolies being
the constant technological leader. In this paper the full spectrum of possible
equilibria of the game is studied. It is demonstrated, that the closer in terms
of technology two firms are to each other, the more intense is the competition
and overall research output is threatened, resembling inverted-U relationship
between technology and competition.
DA  - 2014
DO  - 10.4119/unibi/2915485
KW  - heterogeneous innovations
KW  - technological race
KW  - technology spillovers
KW  - distributed control
KW  - differential games
LA  - eng
PY  - 2014
SN  - 2196-2723
SP  - 36-
TI  - Intensity of R&D competition and the generation of innovations in heterogeneous setting
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29154857
Y2  - 2024-11-22T12:32:16
ER  -