BibTex format
@unpublished{Barker:2021,
author = {Barker, M and Degond, P and Martin, R and Muûls, M},
publisher = {arXiv},
title = {A mean field game model of firm-level innovation},
url = {http://arxiv.org/abs/2101.05148v1},
year = {2021}
}
Publications
Citation
RIS format (EndNote, RefMan)
TY - UNPB
AB - Knowledge spillovers occur when a firm researches a new technology and thattechnology is adapted or adopted by another firm, resulting in a social valueof the technology that is larger than the initially predicted private value. Asa result, firms systematically under--invest in research compared with thesocially optimal investment strategy. Understanding the level ofunder--investment, as well as policies to correct it, is an area of activeeconomic research. In this paper, we develop a new model of spillovers, takinginspiration from the available microeconomic data. We prove existence anduniqueness of solutions to the model, and we conduct some initial simulationsto understand how indirect spillovers contribute to the productivity of asector.
AU - Barker,M
AU - Degond,P
AU - Martin,R
AU - Muûls,M
PB - arXiv
PY - 2021///
TI - A mean field game model of firm-level innovation
UR - http://arxiv.org/abs/2101.05148v1
UR - http://hdl.handle.net/10044/1/86470
ER -