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Cournot Duopoly with competition in the R&D expenditures
Author(s) -
Pinto Alberto A.,
Ferreira Fernanda A.,
Ferreira Miguel,
Oliveira Bruno M.P.M.
Publication year - 2007
Publication title -
pamm
Language(s) - English
Resource type - Journals
ISSN - 1617-7061
DOI - 10.1002/pamm.200701031
Subject(s) - cournot competition , duopoly , economics , microeconomics , investment (military) , competition (biology) , production (economics) , nash equilibrium , mathematical economics , industrial organization , ecology , biology , politics , political science , law
We present a new R&D investment in a Cournot Duopoly model and we analyze the different possible types of Nash R&D investments. We observe that the new production costs region can be decomposed in three economical regions, depending on the Nash R&D investment, showing the relevance of the use of patents in new technologies. (© 2008 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)
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