Title :
Welfare of vertical R&D cooperation and competition
Author_Institution :
Fac. of Manage. & Adm., Macau Univ. of Sci. & Technol., Taipa, China
Abstract :
This paper analyzes the social welfare of vertical dynamical R&D cooperation and competition. By comparing the social welfare of two different R&D strategies, I show that the social welfare of R&D cooperation is significant larger than that of competition strategy in long term, I also show that the social welfare will increase as cooperation deepening.
Keywords :
differential games; public administration; research and development management; competition strategy; differential game; social welfare; vertical dynamical R and D cooperation; Economics; Equations; Games; Investment; Mathematical model; Nash equilibrium; Steady-state; R&D; competition; cooperation; differential game; welfare;
Conference_Titel :
Engineering, Management Science and Innovation (ICEMSI), 2013 International Conference on
Conference_Location :
Taipa
DOI :
10.1109/ICEMSI.2013.6914007
