Private R&D Investment under the Pressure of FDI:Asymmetric Endogenous Sequential Game and Its Evolution
FDI 压力下的企业R&D 支出规律:内生序贯博弈及其演进

This paper tends to explain the asymmetric R&D phenomenon with the tool of Game Theory.The conflicting facts are domestic enterprises receiving R&D spillovers from multinational enterprises in one hand while increase their own R&D investment regularly.This research,based on the symmetric R&D/product model of A&J(1988),build an asymmetric model according to reality.Analyzing with game theory,the model proved that endogenous sequential game is the rational choice of both sides.This research also explained the behavior of both sides in the game with the evolution of the industry,which is mainly represented with a decreasing spillover rate.