Arbeitspapier
Games without winners: Catching-up with asymmetric spillovers
Dynamic game with changing leader is studied on the example of R&D co-opetition structure. The leader benefits from higher followers' innovations rate and followers are enjoying a spillover from the leader. Leadership changes because of asymmetric efficiency of investments of players. It is demonstrated that under sufficiently asymmetric players there is no long-run leader in this game and all players act as followers. Moreover this outcome may be the socially optimal one. In decentralised setting additional complex types of dynamics are observed: permanent uctuations around symmetric (pseudo)equilibrium and chaotic dynamics. This last is possible only once strategies of players are interdependent. Cooperative solution is qualitatively similar for any number of players while market solution is progressively complex given all players are asymmetric. Results are extended to an arbitrary linear-quadratic multi-modal differential game with spillovers and the structure necessary for the onset of non-deterministic chaos is discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: WWZ Working Paper ; No. 2018/12
- Klassifikation
-
Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Management of Technological Innovation and R&D
- Thema
-
technological spillovers
heterogeneous innovations
asymmetric players
social optimality
market inefficiency
multi-modal differential games
piecewise-smooth systems
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bondarev, Anton
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Basel, Center of Business and Economics (WWZ)
- (wo)
-
Basel
- (wann)
-
2018
- DOI
-
doi:10.5451/unibas-ep63899
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bondarev, Anton
- University of Basel, Center of Business and Economics (WWZ)
Entstanden
- 2018
Ähnliche Objekte (12)
Asymmetric macro-financial spillovers
Catching up, spillovers and innovation networks in a Schumpeterian perspective
Asymmetric volatility spillovers between developed and developing European countries
Bat-catching
Catching Rabbits
Splitting the Disposition Effect : Asymmetric Reactions Towards “Selling Winners” and “Holding Losers”
Asymmetric information as a barrier to knowledge spillovers in expert markets
Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
International information spillovers and asymmetric volatility in South Asian stock markets
Technological dynamics in asymmetric industries: R&D, spillovers and absorptive capacity
Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
Real exchange rate, technological catching up and spillovers in a balance-of-payments constrained growth model
Asymmetric macro-financial spillovers
Catching up, spillovers and innovation networks in a Schumpeterian perspective
Asymmetric volatility spillovers between developed and developing European countries
Bat-catching
Catching Rabbits
Splitting the Disposition Effect : Asymmetric Reactions Towards “Selling Winners” and “Holding Losers”
Asymmetric information as a barrier to knowledge spillovers in expert markets
Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
International information spillovers and asymmetric volatility in South Asian stock markets
Technological dynamics in asymmetric industries: R&D, spillovers and absorptive capacity
Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers
Real exchange rate, technological catching up and spillovers in a balance-of-payments constrained growth model
Asymmetric macro-financial spillovers
Catching up, spillovers and innovation networks in a Schumpeterian perspective
Asymmetric volatility spillovers between developed and developing European countries
Bat-catching
Catching Rabbits
Splitting the Disposition Effect : Asymmetric Reactions Towards “Selling Winners” and “Holding Losers”
Asymmetric information as a barrier to knowledge spillovers in expert markets
Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
International information spillovers and asymmetric volatility in South Asian stock markets
Technological dynamics in asymmetric industries: R&D, spillovers and absorptive capacity
Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers