Dynamic R&amp;D competition and cooperation: A differential game approach

MA  Ru-Fei; WANG  Jia

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Science Research Management ›› 2011, Vol. 32 ›› Issue (5) : 36-42.

Dynamic R&D competition and cooperation: A differential game approach

Ma Rufei¹, Wang Jia²

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Abstract

A duopolistic differential game model which two firms conduct R&D activity with technology spillover and technology update is considered. Each firm in the model competes or cooperates with each other in a R&D stage but compete in an output stage. How technology spillover and technology update affect firm's R&D strategy is studied by comparing transient profit between R&D competition with R&D cooperation, and how R&D strategy of firms changeing over time is discussed.

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R&D strategy / differential game / technology spillover / technology update

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Ma Rufei, Wang Jia. Dynamic R&D competition and cooperation: A differential game approach[J]. Science Research Management. 2011, 32(5): 36-42

References

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