Please use this identifier to cite or link to this item: http://hdl.handle.net/10216/101679
Author(s): Alberto A. Pinto
Bruno M. P. M. Oliveira
Fernanda A. Ferreira
Flávio Ferreira
Title: Stochasticity Favoring the Effects of the R&D Strategies of the Firms
Issue Date: 2009
Abstract: We present stochastic dynamics on the production costs of Cournot competitions, based on perfect Nash equilibria of nonlinear R&D investment strategies to reduce the production costs of the firms at every period of the game. We analyse the effects that the R&D investment strategies can have in the profits of the firms along the time. We observe that, in certain cases, the uncertainty can improve the effects of the R&D strategies in the profits of the firms due to the non-linearity of the profit functions and also of the R&D parameters.
Description: We present stochastic dynamics on the production costs of Cournot competitions, based on perfect Nash equilibria of nonlinear R&D investment strategies to reduce the production costs of the firms at every period of the game. We analyse the effects that the R&D investment strategies can have in the profits of the firms along the time. We observe that, in certain cases, the uncertainty can improve the effects of the R&D strategies in the profits of the firms due to the non-linearity of the profit functions and also of the R&D parameters.
Subject: Matemática
Mathematics
Call Number: 49232
URI: http://hdl.handle.net/10216/101679
Source: Intelligent Engineering Systems and Computational Cybernetics
Document Type: Capítulo ou Parte de Livro
Rights: restrictedAccess
Appears in Collections:FCUP - Capítulo ou Parte de Livro

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