The history of invention and innovation makes clear the importance of entrepreneurship as a driver of economic growth. This is especially important today, when we face the twin challenges of developing new economic energy sources while avoiding the threat of global warming. Thus, it is essential...

We investigate how the possibility of subsequently subcontracting production to each other influences rivals' initial competition for a contract or a market as a two-stage game. In its first stage, the two firms engage in price competition to supply a contract or a market. In the second stage,...