This paper develops a modified Stackelberg game model for a duopoly market. Unlike the traditional duopoly where the leader and the follower both exist in the market, the modified model supposes a preexisting leader and a follower that has not yet entered the market. This specific situation has...

We offer a model of experimentation and learning with uncertain outcomes, and show that competition leads to less experimentation, extending results for preemption games to experimentation with uncertain outcomes. We compare experimentation under two information settings: when the researchers...