Rasmusen, Eric; Yoon, Young-Ro - Center for Applied Economics and Policy Research … - 2007
Is it better to move first, or second--- to innovate, or to imitate? Suppose one player has superior information about which of two new markets is better. If he enters first, he might be able to secure a natural monopoly. (The less-informed player also has this motive.) If he enters second, he...