Matches in SemOpenAlex for { <https://semopenalex.org/work/W3023352800> ?p ?o ?g. }
Showing items 1 to 79 of
79
with 100 items per page.
- W3023352800 abstract "This paper presents a numerical method for the characterization of Markov-perfect equilibria of symmetric differential games exhibiting coexisting stable steady states. The method relying on the calculation of ‘local value functions’ through collocation in overlapping parts of the state space, is applicable for games with multiple state variables. It is applied to analyze a piecewise deterministic game capturing the dynamic competition between two oligopolistic firms, which are active in an established market and invest in R&D. Both R&D investment and an evolving public knowledge stock positively influence a breakthrough probability, where the breakthrough generates the option to introduce an innovative product on the market. Additionally, firms engage in activities influencing the appeal of the established and new product to consumers. Markov-perfect equilibrium profiles are numerically determined for different parameter settings and it is shown that for certain constellations the new product is introduced with probability one if the initial strength of the established market is below a threshold, which depends on the initial level of public knowledge. In case, the initial strength of the established market is above this threshold, and the R&D effort of both firms quickly goes to zero and with a high probability the new product is never introduced. Furthermore, it is shown that after the introduction of the new product the innovator engages in activities weakening the established market, although it is still producing positive quantities of that product. (This abstract was borrowed from another version of this item.)" @default.
- W3023352800 created "2020-05-13" @default.
- W3023352800 creator A5003345289 @default.
- W3023352800 creator A5007796662 @default.
- W3023352800 creator A5043134112 @default.
- W3023352800 date "2017-01-01" @default.
- W3023352800 modified "2023-09-25" @default.
- W3023352800 title "Numerical analysis of Markov-perfect equilibria with multiple stable steady states : A duopoly application with innovative firms" @default.
- W3023352800 hasPublicationYear "2017" @default.
- W3023352800 type Work @default.
- W3023352800 sameAs 3023352800 @default.
- W3023352800 citedByCount "0" @default.
- W3023352800 crossrefType "posted-content" @default.
- W3023352800 hasAuthorship W3023352800A5003345289 @default.
- W3023352800 hasAuthorship W3023352800A5007796662 @default.
- W3023352800 hasAuthorship W3023352800A5043134112 @default.
- W3023352800 hasConcept C105795698 @default.
- W3023352800 hasConcept C121398111 @default.
- W3023352800 hasConcept C126255220 @default.
- W3023352800 hasConcept C134306372 @default.
- W3023352800 hasConcept C144237770 @default.
- W3023352800 hasConcept C159886148 @default.
- W3023352800 hasConcept C162324750 @default.
- W3023352800 hasConcept C164660894 @default.
- W3023352800 hasConcept C16520705 @default.
- W3023352800 hasConcept C175444787 @default.
- W3023352800 hasConcept C180456769 @default.
- W3023352800 hasConcept C2524010 @default.
- W3023352800 hasConcept C33923547 @default.
- W3023352800 hasConcept C41008148 @default.
- W3023352800 hasConcept C46814582 @default.
- W3023352800 hasConcept C67091656 @default.
- W3023352800 hasConcept C90673727 @default.
- W3023352800 hasConcept C98763669 @default.
- W3023352800 hasConceptScore W3023352800C105795698 @default.
- W3023352800 hasConceptScore W3023352800C121398111 @default.
- W3023352800 hasConceptScore W3023352800C126255220 @default.
- W3023352800 hasConceptScore W3023352800C134306372 @default.
- W3023352800 hasConceptScore W3023352800C144237770 @default.
- W3023352800 hasConceptScore W3023352800C159886148 @default.
- W3023352800 hasConceptScore W3023352800C162324750 @default.
- W3023352800 hasConceptScore W3023352800C164660894 @default.
- W3023352800 hasConceptScore W3023352800C16520705 @default.
- W3023352800 hasConceptScore W3023352800C175444787 @default.
- W3023352800 hasConceptScore W3023352800C180456769 @default.
- W3023352800 hasConceptScore W3023352800C2524010 @default.
- W3023352800 hasConceptScore W3023352800C33923547 @default.
- W3023352800 hasConceptScore W3023352800C41008148 @default.
- W3023352800 hasConceptScore W3023352800C46814582 @default.
- W3023352800 hasConceptScore W3023352800C67091656 @default.
- W3023352800 hasConceptScore W3023352800C90673727 @default.
- W3023352800 hasConceptScore W3023352800C98763669 @default.
- W3023352800 hasLocation W30233528001 @default.
- W3023352800 hasOpenAccess W3023352800 @default.
- W3023352800 hasPrimaryLocation W30233528001 @default.
- W3023352800 hasRelatedWork W1523492031 @default.
- W3023352800 hasRelatedWork W1594379450 @default.
- W3023352800 hasRelatedWork W180752626 @default.
- W3023352800 hasRelatedWork W1980754024 @default.
- W3023352800 hasRelatedWork W1984682963 @default.
- W3023352800 hasRelatedWork W2036045727 @default.
- W3023352800 hasRelatedWork W2062555590 @default.
- W3023352800 hasRelatedWork W2075483976 @default.
- W3023352800 hasRelatedWork W2124776038 @default.
- W3023352800 hasRelatedWork W2136524655 @default.
- W3023352800 hasRelatedWork W2355033118 @default.
- W3023352800 hasRelatedWork W2523807458 @default.
- W3023352800 hasRelatedWork W2786456196 @default.
- W3023352800 hasRelatedWork W2951414568 @default.
- W3023352800 hasRelatedWork W2951765610 @default.
- W3023352800 hasRelatedWork W2977217310 @default.
- W3023352800 hasRelatedWork W3122654466 @default.
- W3023352800 hasRelatedWork W3123216657 @default.
- W3023352800 hasRelatedWork W3123336693 @default.
- W3023352800 hasRelatedWork W3124171448 @default.
- W3023352800 isParatext "false" @default.
- W3023352800 isRetracted "false" @default.
- W3023352800 magId "3023352800" @default.
- W3023352800 workType "article" @default.