Abstract (EN):
We use d'Aspremont and Jacquemin's strategic optimal R&D investment in a duopoly Cournot competition model to construct myopic optimal discrete and continuous R&D dynamics. We show that for some high initial production costs, the success or failure of a firm is very sensitive to small variations in its initial R&D investment strategies.
Language:
English
Type (Professor's evaluation):
Scientific
Contact:
bmpmo@fcna.up.pt
Notes:
<a href="http://gateway.isiknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=Alerting&SrcApp=Alerting&DestApp=WOS&DestLinkType=FullRecord&KeyUT=000306663000006">Indexado na ISI Web of Science</a>
No. of pages:
11