Abstract (EN):
We consider an R&D investment function in a Cournot duopoly competition model inspired in the logistic equation. We study the economical effects resulting from the firms having different R&D efficiencies. We present three cases: (1) both firms are efficient and have the same degree of efficiency; (2) both firms are less efficient and have the same degree of efficiency; (3) firms are asymmetric in terms of the efficiency of their R&D investment programs. We study the myopic dynamics on the production costs obtained from investing the Nash investment equilibria.
Idioma:
Inglês
Tipo (Avaliação Docente):
Científica
Contacto:
bmpmo@fcna.up.pt
Notas:
<a href="http://www.scopus.com/record/display.url?eid=2-s2.0-84994890736&origin=inward">Indexado na Scopus</a>
Nº de páginas:
11