Tsao, Ku-Chu; Mukherjee, Arijit; Ray, Achintya - In: Games 13 (2022) 1, pp. 1-20
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 … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …
