This paper deals with a duopolistic industry where firms are engaged in cost-reducing R&D activity in order to maximize their market shares. Firms' R&D competition is characterized as a dynamic noncooperative feedback game where the optimal strategies are affected by the extra-industry R&D activity and the degree of intra-industry spillovers. Numerical simulations highlight the importance of the assumptions on the firms' absorptive capacity (to exploit external knowledge) in determining the optimal levels of firms R&D investments. © 1997 Kluwer Academic Publishers.

Campisi, D., Mancuso, P., Nastasi, A. (1997). Cost reduction, competitive pressure and firms' optimal R&D strategies in a duopolistic industry. REVIEW OF INDUSTRIAL ORGANIZATION, 12(2), 259-270.

Cost reduction, competitive pressure and firms' optimal R&D strategies in a duopolistic industry

CAMPISI, DOMENICO;MANCUSO, PAOLO;
1997-01-01

Abstract

This paper deals with a duopolistic industry where firms are engaged in cost-reducing R&D activity in order to maximize their market shares. Firms' R&D competition is characterized as a dynamic noncooperative feedback game where the optimal strategies are affected by the extra-industry R&D activity and the degree of intra-industry spillovers. Numerical simulations highlight the importance of the assumptions on the firms' absorptive capacity (to exploit external knowledge) in determining the optimal levels of firms R&D investments. © 1997 Kluwer Academic Publishers.
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore ING-IND/35 - Ingegneria Economico-Gestionale
English
Dynamic noncooperative feedback game; Extra-industry R&D; Intra-industry spillovers; Noncooperative R&D; Stock of technological knowledge; Management of Technology and Innovation; Strategy and Management1409 Tourism, Leisure and Hospitality Management; Economics and Econometrics
Campisi, D., Mancuso, P., Nastasi, A. (1997). Cost reduction, competitive pressure and firms' optimal R&D strategies in a duopolistic industry. REVIEW OF INDUSTRIAL ORGANIZATION, 12(2), 259-270.
Campisi, D; Mancuso, P; Nastasi, A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/124410
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