preemption and attrition scenarios in competitive R&D with time to build. Scenarios of attrition and preemption games are most … and preemption are very unlikely, thus the R&D duration choices of firms are determined by the actual trade-off between …

into account, which results in the usual preemption game. Increasing this probability gradually changes the outcome from a … preemption game where both firms adopt the current technology, to a preemption game where the follower will adopt the new … technology. Increasing the probability of arrival of the new technology further, turns the preemption game into a war of …

clearing.Will this lead to preemption on both sides of the market, only one side of the market, or to no preemption at all …?We find that preemption tends to be asymmetric in the sense that it is restricted to only one side of the market (buyers or …