Leung, Chi Man; Kwok, Yue Kuen - In: European Journal of Operational Research 223 (2012) 2, pp. 441-451
This paper analyzes preemptive patenting in a two-stage real options game where an incumbent firm competes with a potential entrant firm for the patent of a substitute product in a product market with profit flow uncertainty. The incumbent suffers loss of monopoly in the product market if the...