EconPapers    
Economics at your fingertips  
 

Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers

Anton Bondarev () and Alfred Greiner

Journal of Economic Dynamics and Control, 2018, vol. 91, issue C, 134-156

Abstract: 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.

Keywords: Endogenous market structure; Learning by doing; Technological spillovers; Heterogeneous innovations; Differential games (search for similar items in EconPapers)
JEL-codes: C61 C73 L13 L16 O32 O33 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165188917302051
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:91:y:2018:i:c:p:134-156

Access Statistics for this article

Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok

More articles in Journal of Economic Dynamics and Control from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-04-25
Handle: RePEc:eee:dyncon:v:91:y:2018:i:c:p:134-156