Dynamic R&D with spillovers: A comment

Grega Smrkolj and Florian Wagener

Journal of Economic Dynamics and Control, 2016, vol. 73, issue C, 453-457

Abstract: Cellini and Lambertini [2009. Dynamic R&D with spillovers: competition vs cooperation. J. Econ. Dyn. Control 33, 568–582] study a dynamic R&D game with spillovers. This comment demonstrates that, contrary to what is claimed in their paper, the game is not state redundant and the open-loop Nash equilibrium is not subgame perfect.

Keywords: Differential games; Process innovation; Spillovers (search for similar items in EconPapers)
JEL-codes: C73 D43 L13 O31 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:73:y:2016:i:c:p:453-457

DOI: 10.1016/j.jedc.2016.10.011

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