Econometrica: May 1982, Volume 50, Issue 3
A Dynamic Game of R and D: Patent Protection and Competitive Behavior
https://doi.org/0012-9682(198205)50:3<671:ADGORA>2.0.CO;2-#
p.
671-688
Jennifer F. Reinganum
A theory of dynamic optimal resource allocation to R and D in an n-firm industry is developed using differential games. This technique represents a synthesis of the analytic methods previously applied to the problem: static game theory and optimal control. The use of particular functional forms allows the computation and detailed discussion of the Nash equilibrium in investment rules.Log In To View Full Content