Open Innovation in a dynamic cournot duopoly

By Irina Hasnas, Luca Lambertini, Arsen Palestini. 2014

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We analyze an Open Innovation process in a Cournot duopoly using a differential game approach where knowledge spillovers are endogenously determined via the R&D process. The game produces multiple steady states, allowing for an asymmetric solution where a firm may trade off the R&D investment against information absorption from the rival.

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