Computing capability continues to expand at a breakneck pace. New technologies are permeating the economy at an increasing rate. Machines are becoming capable of performing jobs previously solely performed by people due to digitization and automation. Manufacturing processes and organizations...

We consider a setting where strategic behavior of r&d firms can lead to different types of a technology lock-in, permanent or temporary, in an eventually inferior technology. The simple setting with one incumbent and one potential entrant may lead to a wide variety of possible strategic regimes....