haku: @author Lehmann-Grube, U. / yhteensä: 2
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Tekijä: | Hoppe, H. C. Lehmann-Grube, U. |
Otsikko: | Second-mover advantages in dynamic quality competition |
Lehti: | Journal of Economics and Management Strategy
2001 : FALL, VOL. 10:3, p. 419-433 |
Asiasana: | COMPETITION QUALITY R&D |
Kieli: | eng |
Tiivistelmä: | This paper explores a dynamic model of product innovation, extending the work of Dutta, Lach, and Rustichini (1995). It is shown that is R&D costs for quality improvements are low, the dynamic competition is structured as a race for being the pioneer firm with payoff equalization in equilibrium, but switches to a waiting game with a second-mover advantage in equilibrium if R&D costs are high. |
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