Amir, Madjid; Amir, Rabah; Jin, Jim - Centre for Industrial Economics (CIE), Økonomisk Institut - 1999
We compare simultaneous versus sequential moves in R&D decisions within an asymmetric R&D/Cournot model with linear demand (for differentiated products), general R&D costs, and spillovers. Simultaneous play and sequential play (with and without a specified leader) can emerge as appropriate...