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ebusiness technology with uncertain quality depending on its innovation and adoption cost and both firm' adoption timing. When … innovation and adoption require large set-up costs, the leader favors quick adoption by the follower. The follower prefers either …
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Understanding the way in which knowledge is technically produced and transferred, and how its diffusion path can be characterized is of fundamental importance for the performance of an economy. Although this fact seems to be plausible ex ante, the relevant literature so far has paid less...
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dominance criterion, the global game theory, and the maximin criterion. We present experimental evidence that both the relative …
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