Stochasticity favoring the effects of the R&D strategies of the firms
Data(s) |
11/01/2016
11/01/2016
2009
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Resumo |
We present stochastic dynamics on the production costs of Cournot competitions, based on perfect Nash equilibria of nonlinear R&D investment strategies to reduce the production costs of the firms at every period of the game. We analyse the effects that the R&D investment strategies can have in the profits of the firms along the time. We observe that, in certain cases, the uncertainty can improve the effects of the R&D strategies in the profits of the firms due to the non-linearity of the profit functions and also of the R&D parameters. |
Identificador |
http://link.springer.com/chapter/10.1007%2F978-1-4020-8678-6_36 978-1-4020-8678-6 http://hdl.handle.net/10400.22/7357 10.1007/978-1-4020-8678-6_36 |
Idioma(s) |
eng |
Publicador |
Springer Netherlands |
Relação |
http://link.springer.com/chapter/10.1007%2F978-1-4020-8678-6_36 |
Direitos |
closedAccess |
Tipo |
bookPart |