AN ALTERNATIVE APPROACH FOR TIME LAG IN A GAME MODEL WITH R&D SPILLOVERS
Keywords:
duopoly, Hopf bifurcation, R&D, time delay.DOI:
https://doi.org/10.17654/0972096022001Abstract
In this paper, a dynamic duopoly game model of R&D competition is built. The local stability of the Nash equilibrium point is discussed. We found that the system may lose its stability and produce complex dynamic behavior.
Received: November 5, 2021
Accepted: December 29, 2021
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