Cumulative Leadership and Entry Dynamics
نویسندگان
چکیده
منابع مشابه
Cumulative Leadership and New Market Dynamics
Two firms face market development uncertainty in a continuous-time investment model. They noncooperatively choose when to invest in a lumpy capacity before competing in the market stage. The combined impact on equilibrium outcomes of the firms’ relative ability to detect the new demand (or “alertness”, Kirzner (1973)) and of a persistent first-mover advantage is characterized. With perfect aler...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1405293