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Titel
Catching-up and falling behind : effects of learning in an R&D differential game with spillovers / Anton Bondarev, Alfred Greiner
VerfasserBondarev, Anton ; Greiner, Alfred
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, January 2017
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Elektronische Ressource
Umfang1 Online-Ressource (39 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 01-2017
URNurn:nbn:de:hbz:6:2-127451 
DOI10.4119/unibi/2915610 
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Catching-up and falling behind [0.49 mb]
Zusammenfassung

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.

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