preemption pattern, and episodes in which firms invest simultaneously, a tacit collusion pattern. These episodes may alternate … preemption episode: firms invest at different times but have equal value. The first such investment may occur earlier and …

We study a stochastic version of Fudenberg–Tirole's preemption game. Two firms contemplate entering a new market with …

preemption and attrition scenarios in competitive R&D with time to build. Scenarios of attrition and preemption games are most … and preemption are very unlikely, thus the R&D duration choices of firms are determined by the actual trade-off between …

into account, which results in the usual preemption game. Increasing this probability gradually changes the outcome from a … preemption game where both firms adopt the current technology, to a preemption game where the follower will adopt the new … technology. Increasing the probability of arrival of the new technology further, turns the preemption game into a war of …

clearing.Will this lead to preemption on both sides of the market, only one side of the market, or to no preemption at all …?We find that preemption tends to be asymmetric in the sense that it is restricted to only one side of the market (buyers or …

is characterized by preemption motives while the shakeout phase mimics a war of attrition. We show that dynamic strategic …

the model to allow for downstream duopoly. When downstream firms are engaged in a preemption race, the upstream firm sells …

input. Otherwise, if two downstream firms are engaged in a preemption race, the upstream firm sells the input to the first …