Innovation and Natural Resources: A Dynamic Game with Uncertainty.
The authors analyze a dynamic game between a resource-exporting country and an importing country that is seeking to invent a substitute technology. The time of innovation is an uncertain function of the importer's R&D; efforts, which cannot be committed in advance. The game has a unique...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1995
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