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https://doi.org/10.1016/j.econmod.2014.02.020
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Cite Journal: Economic Modelling |  Publication Date: Mar 15, 2014 |
 Citations: 5 |
Affiliation: University of Malaya, University of Nottingham Ningbo China
This paper constructs an ex-ante asymmetric R&D Cournot differential game with knowledge spillovers. It shows that in the long-run equilibrium firms have incentives to innovate as long as the knowledge externalities are bidirectional. We also carry out a series of numerical simulations of the differential game to illustrate our results.
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