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Titolo:
Second-mover advantages in dynamic quality competition
Autore:
Hoppe, HC; Lehmann-Grube, U;
Indirizzi:
Univ Hamburg, Inst Allokat & Wettbewerb, D-20146 Hamburg, Germany Univ Hamburg Hamburg Germany D-20146 ettbewerb, D-20146 Hamburg, Germany
Titolo Testata:
JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY
fascicolo: 3, volume: 10, anno: 2001,
pagine: 419 - 433
SICI:
1058-6407(200123)10:3<419:SAIDQC>2.0.ZU;2-D
Fonte:
ISI
Lingua:
ENG
Soggetto:
TECHNOLOGY; ADOPTION; MARKET; DIFFUSION; CHOICE;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
--discip_BC--
Citazioni:
22
Recensione:
Indirizzi per estratti:
Indirizzo: Hoppe, HC Univ Hamburg, Inst Allokat & Wettbewerb, D-20146 Hamburg, Germany Univ Hamburg Hamburg Germany D-20146 D-20146 Hamburg, Germany
Citazione:
H.C. Hoppe e U. Lehmann-Grube, "Second-mover advantages in dynamic quality competition", J ECON MAN, 10(3), 2001, pp. 419-433

Abstract

This paper explores a dynamic model of product innovation, extending the work of Dutta, Lach, and Rustichini (1995). It is shown that if 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. Moreover, the second-mover advantage increases monotonically as R&D becomes more costly.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 20/09/20 alle ore 08:46:46