Femminis, Gianluca; Martini, Gianmaria - In: Rivista Internazionale di Scienze Sociali 118 (2010) 1, pp. 47-76
We develop a dynamic duopoly, in which firms have to take into account a technological externality, which reduces their innovation costs over time, and an inter-firm spillover, which lowers only the second comer’s R&D costs. This spillover exerts its effect after a disclosure lag. We identify...