Open Innovation in a Dynamic Cournot Duopoly
Quaderni DSE Working Paper No. 753
25 Pages Posted: 11 Jun 2011
Date Written: June 8, 2011
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.
Keywords: R&D, spillovers, dynamic games
JEL Classification: C73, L13, O31
Suggested Citation: Suggested Citation
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