This paper analyses an entry timing game with uncertain entry costs. Two firms receive costless signals about the cost …

). In an entry/acquisition game, we allow the potential entrant in a vertically differentiated market to offer a variant … trade theory, but it also allows to capture the exchange of innovation's ownership via acquisition, as analyzed in the … literature of innovation. …

enters or innovates it benefits from the information it gets by observing past entry. Delays in the process of receiving the … information reduce the benefits of the spillover and affect the entry process. I derive the effects this delay has on diffusion …, on the dynamics of price and cost of entry, and on efficiency. I explain why, when spillovers of information are delayed …

each seller's quality becomes private information. Entry has the tendency to lower prices, which may lead to adverse … selection. The implied price collapse limits the amount of entry so that high prices are sustained in equilibrium, which results … measures of concentration and less entry than would be expected. …