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This paper formulates and analyzes a two-stage oligopoly game where firms can invest in cost-reducing R&D activity with the possibility of sharing R&D results with partner firms as well as gaining knowledge for free through spillovers. Firms are arranged within networks (or districts) inside...
Persistent link: https://www.econbiz.de/10010751794
In Bischi and Lamantia [4] a two-stage oligopoly game has been proposed to describe networks of firms that invest in cost-reducing R&D activity with the possibility of sharing R&D results with partner firms as well as gaining knowledge for free through spillovers, and an adaptive dynamic...
Persistent link: https://www.econbiz.de/10010751875
In this paper, we propose a dynamical model of technology adoption for the exploitation of a renewable natural resource. Each technology has a different efficiency and environmental impact. The process of technology adoption over time is modeled through an evolutionary game employed by profit...
Persistent link: https://www.econbiz.de/10011117196
The phenomenon of synchronization of a two-dimensional discrete dynamical system is studied for the model of an economic duopoly game, whose time evolution is obtained by the iteration of a noninvertible map of the plane. In the case of identical players the map has a symmetry property that...
Persistent link: https://www.econbiz.de/10010749675
The time evolution of a dynamic oligopoly game with three competing firms is modeled by a discrete dynamical system obtained by the iteration of a three-dimensional non-invertible map. For the symmetric case of identical players a complete analytical study of the stability conditions for the...
Persistent link: https://www.econbiz.de/10010749781