Increasing Dominance with No Efficiency Effect.

I uncover a new force towards increasing dominance. The new effect results from the strategic choice of covariance in races. I assume that players must choose not the amount of resources to spend but how to allocate those resources. I show that the laggard has an incentive to chose a different path from the leader.

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Year of publication:	2000
Authors:	Cabral, L.
Institutions:	Finance Department, Stern School of Business
Subject:	COMPETITION \| RESEARCH AND DEVELOPMENT \| TRADE

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Series:	New York University, Leonard N. Stern School Finance Department Working Paper Seires.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	C7 - Game Theory and Bargaining Theory ; L1 - Market Structure, Firm Strategy, and Market Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776438