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dichotomous innovation data by using a univariate ordered probit model. Our results are consistent with the theoretical view that …
Persistent link: https://www.econbiz.de/10010305052
This paper analyzes the influence of Information structure on the process of knowledge accumulation in a differential game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and perfect information structures, we show that in the feedback...
Persistent link: https://www.econbiz.de/10010435516
financially constrained and apply for a loan at their house bank, we can show that Innovation activities are further reduced and …
Persistent link: https://www.econbiz.de/10010435592