Lauga, Dominique Olié; Ofek, Elie - In: Marketing Science 28 (2009) 2, pp. 373-396
We model a duopoly in which ex ante identical firms must decide where to direct their innovation efforts. The firms … face market uncertainty about consumers' preferences for innovation on two product attributes and technology uncertainty … market research always attempts innovation on the attribute it discovers that consumers prefer and expends more on R&D than a …