Rasmusen, Eric; Raghav, Manu; Ramseyer, Mark - Department of Business Economics and Public Policy, … - 2008
Is it better to move first, or second— to innovate, or to imitate? We look at this in a context with both asymmetric information and payoff externalities. Suppose two players, one with superior information about market quality, consider entering one of two new markets immediately or waiting...