Plasmans, Joseph; Lukach, Ruslan; Kort, Peter M. - 2021
This paper presents a dynamic model of a competitive R&D and production duopoly subject to knowledge spillovers. Two … asymmetric firms operate for a limited period of time and dispose of their knowledge capital in the end. Both firms and the … social planner prefer the R&D-cooperative strategy over the competitive one regardless of the intensity of knowledge …