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game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and …
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&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically … compared to R&D competition, which in turn leads to increased R&D investment, reduced product prices and increased profits. …
Persistent link: https://www.econbiz.de/10011436367
&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically … compared to R&D competition, which in turn leads to increased R&D investment, reduced product prices and increased profits. …
Persistent link: https://www.econbiz.de/10013436209
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This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product … market competition. The amount of knowledge firms can absorb from other firms is made dependent on their own research efforts … positive effect on R&D efforts both under research joint venture and under research competition. Firms' propensity to …
Persistent link: https://www.econbiz.de/10011444658
This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product … market competition. The amount of knowledge firms can absorb from other firms is made dependent on their own research efforts … positive effect on R&D efforts both under research joint venture and under research competition. Firms' propensity to …
Persistent link: https://www.econbiz.de/10013428320