Innovation timing games: a general framework with applications

We offer a new algorithm for analyzing innovation timing games. Its main advantage over the traditional approach is that it applies to problems that had previously been intractable. We use the algorithm to examine two classical innovation problems. We find that the competition takes the form of a wa...

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Veröffentlicht in:	Journal of economic theory 2005-03, Vol.121 (1), p.30-50
Hauptverfasser:	Hoppe, Heidrun C., Lehmann-Grube, Ulrich
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Economic theory Game theory Innovation Innovations Preemption R&D Research & development expenditures Simple timing games Studies Waiting
Online-Zugang:	Volltext
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