) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … to deal with investments under uncertainty is extended to incorporate the game theoretic concepts required to deal with … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …

. Building on existing models of noisy Bayesian cognition, we formally propose that cognitive uncertainty generates these …This paper introduces a formal definition and an experimental measurement of the concept of cognitive uncertainty …: people's subjective uncertainty about what the optimal action is. This concept allows us to bring together and partially …

The real options framework has been used extensively to analyze the timing of investment under uncertainty. While …-inconsistent preferences. Two opposing forces determine investment timing: while evolving uncertainty induces entrepreneurs to defer investment …

. The risky arm could potentially lead to a dead end and the safe arm introduces further competition to make firms keep …

industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We … measure competition using the Lerner Index and include as industrial policies subsidies, tax holidays, loans, and tariffs …. Measures to foster competition include policies that are more dispersed across firms in a sector or measures that encourage …

at which they upgrade the quality of their products. We analyze the effect of import competition on quality upgrading …