On innovation cycles in a finite discrete R&D game

Shravan Luckraz

Economic Modelling, 2013, vol. 30, issue C, 510-513

Abstract: This paper shows that innovation (or Schumpeter's) cycles can be demonstrated in a discrete and finite dynamic game of innovation and imitation. We find that the cycles depend crucially on whether imitation is a credible threat and hence, we conclude that strategic interactions are sufficient to generate cycles in an innovation game.

Keywords: Innovation cycles; Games of innovation; Open-loop equilibrium (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:30:y:2013:i:c:p:510-513

DOI: 10.1016/j.econmod.2012.11.002

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