Tsao, Ku-Chu; Mukherjee, Arijit; Ray, Achintya - In: Games 13 (2022) 1, pp. 1-20
In this article, we consider technology leaders (which are innovators) and technology followers (which are non … competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if …