A COMMENT ON A MODEL WITH R&D SPILLOVER AND PRICE COMPETITION
Keywords:
duopoly, R&D, time delay.DOI:
https://doi.org/10.17654/0972111822004Abstract
In this paper, we reanalyze the model described in Pansera et al. [8] when time delays are small. Switch from stability to instability occurs only once, and the occurrence of Hopf bifurcation is analytically shown.
Received: December 15, 2021
Accepted: February 25, 2022
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