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Competition and Product Innovation in Dynamic Oligopoly

Goettler, Ronald L.; Gordon, Brett R. - 2013

We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes … both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition …

Persistent link: https://www.econbiz.de/10014042417

Fear of the market or fear of the competitor? : ambiguity in a real options game

Hellmann, Tobias; Thijssen, Jacco J. J. - In: Operations research 66 (2018) 6, pp. 1744-1759

Persistent link: https://www.econbiz.de/10011972267

Negative and positive effects of competition in a preemption game

Suzuki, Toru - 2010

efficiency under mild competition. The effect of competition on the equilibrium strategy is different depending on which class of … show that the effect of competition on efficiency is different between the common value and the private value setting …. Strong competition leads to the least efficient equilibrium for the common value setting but efficiency can be improved by …

Persistent link: https://www.econbiz.de/10008747610

Real Options Game Models of R&D Competition between Asymmetric Firms with Spillovers

Leung, Chi Man - 2016

Using real options game models, we consider the characterization of strategic equilibria associated with an asymmetric R&D race between an incumbent firm and an entrant firm in the development of a new innovative product under market and technological uncertainties. The random arrival time of...

Persistent link: https://www.econbiz.de/10013008394

Competitive Real Options under Private Information

Gorno, Leandro - 2017

competition that first builds and then subsides slowly towards a steady state. We also discuss comparative statics regarding …

Persistent link: https://www.econbiz.de/10012968128

Real options game over the business cycle

Huang, Hsing-Hua; Chuang, Wei-Liang - In: Economic Modelling 35 (2013) C, pp. 715-721

This paper studies the impact of business cycles on firms' strategic investment decisions by developing and solving a continuous time regime-dependent real options game in an asymmetric duopoly. The value functions, roles and optimal investment timing decisions of the two firms in the expansion...

Persistent link: https://www.econbiz.de/10010719375

Competition and the Bad News Principle in a Real Options Framework

Nishide, Katsumasa; Yagi, Kyoko - Institute of Economic Research, Kyoto University - 2013

We study the investment timing problem where two firms that compete for investment preemption know in advance the time at which the economic condition changes. We show that the so-called Bad News Principle applies to the leader firm’s investment decision near maturity in many cases. This...

Persistent link: https://www.econbiz.de/10010860067

Investment under Regime Uncertainty : Impact of Competition and Preemption

Nishide, Katsumasa - 2016

changes. We qualitatively show how two firms strategically optimize their investment timing, taking into account competition …

Persistent link: https://www.econbiz.de/10013008270

Fund managers - why the best might be the worst: On the evolutionary vigor of risk-seeking behavior

Witte, Björn-Christopher - Bamberg Economic Research Group on Government and … - 2011

. As a practical example, the professional competition between fund managers is considered. To explore how different … settings of competition parameters, the exclusion rate and the exclusion interval, affect individual investment behavior, an …

Persistent link: https://www.econbiz.de/10009323615

Allocation of resources in asymmetric competitions: How do the weak maintain a chance of winning?

Avrahami, Judith; Kareev, Yaakov; Todd, Peter M.; … - In: Journal of Economic Psychology 42 (2014) C, pp. 161-174

To maintain a chance of occasionally beating a stronger player in a competition waged over several fields, a weaker …

Persistent link: https://www.econbiz.de/10010870875