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Anticipation of technological progress may induce potential buyers to delay adoption of a new product. We analyze how buyers' waiting option can alter firms' innovation strategies. It is shown that the firms' choice of innovation strategies relies on the possibility of selling products before...
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This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market … economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other … themselves from outside competitive forces and from importing the effects of other countries' competition policies. …
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the evolution of and competition in the internet search engine market. I find that while early entrants (Yahoo, Lycos …
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