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It is shown that asymmetry in Ramp;D efficiency between firms is an important factor determining feasibility of the preemption and attrition scenarios in competitive Ramp;D with time to build. Scenarios of attrition and preemption games are most likely to occur when competitors have similar...
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abgebrochen, als eine rationale, ökonomische Betrachtung empfehlen würde. Durch solche verspäteten Abbrüche entstehen Unternehmen … jedoch hohe Effizienz- und Effektivitätsverluste. Da die klassisch-ökonomische Theorie dieses Phänomen nicht zufrieden …
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The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....
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