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Published September 20, 2017 | Submitted
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Practical Implications of Game Theoretic Models of R and D

Abstract

The purpose of this paper is to survey recent game theoretic models of research and development, and to ask whether they yield practical implications or testable hypotheses. Although individual models have unambiguous implications, the array of existing models still generates considerable controversy. This heightens the interest in and need for empirical tests of these theories.

Additional Information

Division of Humanities and Social Science, California Institute of Technology, I wish to thank Therese Flaherty, Nancy Gallini, Avinash Dixit and Alan Schwartz for helpful comments and suggestions. The financial support of the National Science Foundation is gratefully acknowledged. Published as Reinganum, Jennifer F. "Practical implications of game theoretic models of R&D." The American Economic Review 74.2 (1984): 61-66.

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