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| Author: | Jensen, R. Thursby, M. |
| Title: | A strategic approach to the product life cycle. |
| Journal: | Journal of International Economics
1987 : NOV, VOL. 21:3-4, p. 269-284 |
| Index terms: | NEW PRODUCTS PRODUCT LIFE CYCLE TRADE |
| Language: | eng |
| Abstract: | The steady state open-loop Nash equilibrium of a game is analyzed in which a Northern monopolist devotes resources to new product development and a Southern planner diverts resources into reverse engineering to learn the technology to produce these. A steady state equilibrium technology gap exists, showing that a constant technology gap over time may be explained by optimal strategic behavior of decision-makers in a product cycle model. The importance of strategic versus non-strategic behavior is shown in the analysis. |
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