Tsao, Ku-Chu; Mukherjee, Arijit; Ray, Achintya - In: Games 13 (2022) 1, pp. 1-20
, where the leaders first determine their R&D investments simultaneously and then all leaders and followers determine their … individual R&D investments while increasing aggregate R&D investments. If the total number of firms remains the same but the … composition of technology leaders and followers changes in favor of leaders (followers), individual R&D investments decrease …