Hasnas, Irina ; Lambertini, Luca ; Palestini, Arsen
(2011)
Open Innovation in a Dynamic Cournot Duopoly.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 25.
DOI 10.6092/unibo/amsacta/4487.
In: Quaderni - Working Paper DSE
(753).
ISSN 2282-6483.
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Abstract
We analyze an Open Innovation process in a Cournot duopoly using a differential game approach where knowledge spillovers are endogenously determined via the R&D process. The game produces multiple steady states, allowing for an asymmetric solution where a firm may trade off the R&D investment against information absorption from the rival.
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