Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging

Detalhes bibliográficos
Autor(a) principal: Hoernig, Steffen
Data de Publicação: 1999
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/84966
Resumo: In the context of an infinitely repeated R&D-race, where firms do not only choose their research efforts but also their innovation targets, we characterize the optimal strategies of leaders and followers, and study the occurrence of leapfrogging and the persistence of leadership. A simple condition describes whether followers will want to match or leapfrog the leader, or catch up step-by-step. In particular, this choice is independent of the persistence of leadership, which is determined by the research efforts through the replacement and efficiency effects.
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spelling Dynamic R&D Competition With Endogenous Innovation Targets and LeapfroggingR&DInnovation targetsLeapfroggingInnovation hazardStochastic Jump Differential GameIn the context of an infinitely repeated R&D-race, where firms do not only choose their research efforts but also their innovation targets, we characterize the optimal strategies of leaders and followers, and study the occurrence of leapfrogging and the persistence of leadership. A simple condition describes whether followers will want to match or leapfrog the leader, or catch up step-by-step. In particular, this choice is independent of the persistence of leadership, which is determined by the research efforts through the replacement and efficiency effects.Nova SBERUNHoernig, Steffen2019-10-21T13:56:15Z1999-101999-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/84966engHoernig, Steffen, Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging (October, 1999). FEUNL Working Paper Series No. 370info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:53Zoai:run.unl.pt:10362/84966Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:33.396327Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
title Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
spellingShingle Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
Hoernig, Steffen
R&D
Innovation targets
Leapfrogging
Innovation hazard
Stochastic Jump Differential Game
title_short Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
title_full Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
title_fullStr Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
title_full_unstemmed Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
title_sort Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging
author Hoernig, Steffen
author_facet Hoernig, Steffen
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Hoernig, Steffen
dc.subject.por.fl_str_mv R&D
Innovation targets
Leapfrogging
Innovation hazard
Stochastic Jump Differential Game
topic R&D
Innovation targets
Leapfrogging
Innovation hazard
Stochastic Jump Differential Game
description In the context of an infinitely repeated R&D-race, where firms do not only choose their research efforts but also their innovation targets, we characterize the optimal strategies of leaders and followers, and study the occurrence of leapfrogging and the persistence of leadership. A simple condition describes whether followers will want to match or leapfrog the leader, or catch up step-by-step. In particular, this choice is independent of the persistence of leadership, which is determined by the research efforts through the replacement and efficiency effects.
publishDate 1999
dc.date.none.fl_str_mv 1999-10
1999-10-01T00:00:00Z
2019-10-21T13:56:15Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/84966
url http://hdl.handle.net/10362/84966
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Hoernig, Steffen, Dynamic R&D Competition With Endogenous Innovation Targets and Leapfrogging (October, 1999). FEUNL Working Paper Series No. 370
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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