Kort, Peter; Lukach, R.; Plasmans, J.E.J. - Tilburg University, Center for Economic Research - 2007
It is shown that asymmetry in R&D efficiency between firms is an important factor determining feasibility of the preemption and attrition scenarios in competitive R&D with time to build. Scenarios of attrition and preemption games are most likely to occur when competitors have similar R&D...