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.
Tipologia: | Articolo su rivista |
Citazione: | 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. |
Lingua: | English |
Settore Scientifico Disciplinare: | Settore ING-IND/35 - Ingegneria Economico-Gestionale |
Revisione (peer review): | Esperti anonimi |
Tipo: | Articolo |
Rilevanza: | Rilevanza internazionale |
Stato di pubblicazione: | Pubblicato |
Data di pubblicazione: | 1997 |
Titolo: | Cost reduction, competitive pressure and firms' optimal R&D strategies in a duopolistic industry |
Autori: | |
Autori: | Campisi, D; Mancuso, P; Nastasi, A |
Appare nelle tipologie: | 01 - Articolo su rivista |