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.

duopoly, Hopf bifurcation, R&D, time delay.

Received: November 5, 2021; Accepted: December 29, 2021; Published: January 31, 2022

How to cite this article: Luca Guerrini, An alternative approach for time lag in a game model with R&D spillovers, Far East Journal of Applied Mathematics 112 (2022), 1-9. DOI: 10.17654/0972096022001

This Open Access Article is Licensed under Creative Commons Attribution 4.0 International License 

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