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Practical implications of game theoretic models of R&D

Reinganum, Jennifer F. (1984) Practical implications of game theoretic models of R&D. American Economic Review, 74 (2). pp. 61-66. ISSN 0002-8282.

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The purpose of this paper is to survey recent game theoretic models of research and development, and to ask whether they yield practical implications or testable hypotheses. The papers I will be discussing have been written or published within the past five years; they have a good deal in common, relying upon similar assumptions and building upon each other. Because of this, the literature surveyed here may seem narrow, and some relevant work has probably been inadvertently omitted. I apologize for these omissions. For want of space, I will not discuss the normative conclusions of this literature.

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Additional Information:© 1984 American Economic Association. I thank Therese Flaherty, Nancy Gallini, Avinash Dixit, and Alan Schwartz for helpful comments and suggestions. The financial support of the National Science Foundation is gratefully acknowledged. Formerly SSWP 504.
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Subject Keywords:Incumbents, Technological innovation, Game theory, Fixed costs, Modeling, Patents, Nash equilibrium, Business innovation, Investment rates, Microeconomic modeling
Issue or Number:2
Record Number:CaltechAUTHORS:20171114-145142763
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83199
Deposited By: Jacquelyn Bussone
Deposited On:15 Nov 2017 23:18
Last Modified:03 Oct 2019 19:03

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