To advance the RBV we propose separation of necessary and additional conditions for the
expression of SCA. We argue that there are only two necessary conditions, namely …

It is well known that innovation is the engine that drives the growth machine of modern
capitalist economies. Therefore, not surprisingly, substantial attention has been devoted by …

We provide an extensive comparison of the well-known R&D models of d'Aspremont-
Jacquemin and Kamien-Muller-Zang, exposing full or partial conflict in key conclusions and …

The literature on supermodular optimization and games is surveyed from the perspective of
potential users in economics. This methodology provides a new approach for comparative …

This paper deals with a general version of a two-stage model of R&D and product market
competition. We provide a thorough generalization of previous results on the comparative …

This survey provides an extensive account of research in economics based on the stochastic
games paradigm. Its area-by-area coverage is in the form of an overview, and includes …

In this paper, a dynamical two-stage Cournot duopoly game with R&D spillover effect and
product differentiation is established. The stability of all the equilibrium points is studied …

I consider an oligopoly model where, prior to price competition, firms invest in persuasive
advertising and induce brand loyalty in consumers who would otherwise buy the cheapest …

In this paper we carefully link knowledge flows to and from a firm's innovation process with
this firm's investment decisions. We present a model of a leading technological firm facing a …

This paper extends the literature on cooperative R&D in an oligopoly with spillovers. The
model has three new features. It introduces uncertainty, focuses on spillover of innovation …