We investigate intertemporal strategic interactions if monopolies,cartels or oligopolies benefit from firm internal as well as external learning by doing. Our analysis is carried out for a linear learningcost curve because, it allows the derivation of the linear Markov perfectequilibrium (LMPE)....

Although the possibility of multiple nonlinear equilibria inlinear-quadratic differential games is extensively discussed, the literatureon models with multiple linear Markov perfect equilibria (LMPEs) isscarce. And indeed, almost all papers confined to a single state (a verylarge majority of the...

We investigate intertemporal strategic interactions if monopolies, cartels or oligopolies benefit from firm internal as well as external learning by doing. The analysis is carried out for learning cost curves based on the standard power and a linear function. The first allows for multiple long...