How do financial constraints influence innovative activities of firms? In a two-period model of price competition with … and might even become a monopolist in the second period of competition. If we finally assume that both firms are …

How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry … experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and … expected market size. Results show that people's reactions to demand risk depend on the market size: in small markets people …

We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research … increases competition between the contestants, leading to higher total contest effort, unless the ex-post bargaining strength of … stronger competition. …