Stochasticity favoring the effects of the R&D strategies of the firms


Autoria(s): Pinto, Alberto A.; Oliveira, Bruno M. P. M.; Ferreira, Fernanda A.; Ferreira, Flávio
Data(s)

11/01/2016

11/01/2016

2009

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