The accumulation of knowledge with intra-industry knowledge spillovers: A competition game and the Nash equilibrium based on firm cost minimisation
Fuente:
arXiv
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| Formato: | Preprint |
| Publicado: |
2026
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| _version_ | 1866908775208714240 |
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| author | Kanellopoulos, Vasilios |
| author_facet | Kanellopoulos, Vasilios |
| contents | This paper examines a competition game whose key variables are the R&D efforts (e.g. R&D expenditures) and accumulated knowledge of firms located in a specific region. The most significant element of accumulated knowledge is knowledge spillovers. These are considered intra-industry as it is assumed that the firms operate within the same industry (i.e. similar types of firms) and competitors offer similar products. The present study identifies a Nash equilibrium based on firm cost minimisation. This is derived under the assumption that the firms under examination act rationally and are primarily concerned with achieving optimal outcomes - specifically, by minimising their total costs. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2601_13282 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | The accumulation of knowledge with intra-industry knowledge spillovers: A competition game and the Nash equilibrium based on firm cost minimisation Kanellopoulos, Vasilios Theoretical Economics This paper examines a competition game whose key variables are the R&D efforts (e.g. R&D expenditures) and accumulated knowledge of firms located in a specific region. The most significant element of accumulated knowledge is knowledge spillovers. These are considered intra-industry as it is assumed that the firms operate within the same industry (i.e. similar types of firms) and competitors offer similar products. The present study identifies a Nash equilibrium based on firm cost minimisation. This is derived under the assumption that the firms under examination act rationally and are primarily concerned with achieving optimal outcomes - specifically, by minimising their total costs. |
| title | The accumulation of knowledge with intra-industry knowledge spillovers: A competition game and the Nash equilibrium based on firm cost minimisation |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2601.13282 |