Abstract
We consider a duopoly game model of R&D (research and development) rivalry between two high-tech firms with time delay, in which a monopoly sector with R&D spillover is studied using a mixture of game theory and nonlinear dynamics theory. The local asymptotic stability of the equilibrium point is studied by analyzing the corresponding characteristic equation. It is found that the delay can lead the system dynamic behavior to exhibit stability switches and Hopf bifurcations appear.
Subject
Geometry and Topology,Logic,Mathematical Physics,Algebra and Number Theory,Analysis
Reference25 articles.
1. Cooperative and noncooperative R&D in duopoly with spillovers;d’Aspremont;Am. Econ. Rev.,1988
2. Strategic R&D with spillovers, collusion and welfare;Ziss;J. Ind. Econ.,1994
3. Modelling imperfectly appropriable R&D via spillovers;Amir;Int. J. Ind. Organ.,2000
4. Endogenous spillovers and the performance of research joint ventures;Katsoulacos;J. Ind.,1998
5. Asymmetric Research Joint Ventures and Market Concentration
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献