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Because uncertainties around innovative technologies resolve over time, investments in such technologies are often made in stages so that organizations can use the knowledge gained from earlier stages to decide the next step. Previous studies usually assume that once some uncertainty is...
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-cooperative investment game, with each firm deciding to invest in its current technology or to invest in a non-proprietary innovation. By … adopting the innovation, a firm earns higher revenues at the expense of its non-adopting rival. Each principal decides on a …
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-cooperative investment game, with each firm deciding to invest in its current technology or to invest in a non-proprietary innovation. By … adopting the innovation, a firm earns higher revenues at the expense of its non-adopting rival. Each principal decides on a …
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