Dynamic R&D with spillovers: A comment
| Authors | |
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| Publication date | 12-2016 |
| Journal | Journal of Economic Dynamics & Control |
| Volume | Issue number | 73 |
| Pages (from-to) | 453-457 |
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| Abstract | Cellini and Lambertini [2009. Dynamic R&D with spillovers: competition vs cooperation. J. Econ. Dyn. Control 33, 568–582] study a dynamic R&D game with spillovers. This comment demonstrates that, contrary to what is claimed in their paper, the game is not state redundant and the open-loop Nash equilibrium is not subgame perfect. |
| Document type | Comment/Letter to the editor |
| Note | Comment to: R. Cellini, L. Lambertini (2009) Dynamic R&D with spillovers: competition vs cooperation. In: Journal of Economic Dynamics and Control, vol. 33, pp. 568–582. |
| Language | English |
| Published at | https://doi.org/10.1016/j.jedc.2016.10.011 |
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