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Why do some innovators freely reveal their intellectual property? This empirical puzzle has been a focal point of debate in the R&D literature. We show that innovators may share proprietary technology with rivals for free - even if it does not directly benefit them - to slow down competition. By...
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preemption games, which often occur in the strategic real option literature. We provide a sound foundation for some workhorse …-perfect equilibria in preemption games and illustrate our findings by several explicit applications. …
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