Preemption and rent equalization in the adoption of new technology: comment

In this comment, we show that the existence of the preemption equilibrium in Fudenberg and Tirole (Review of Economics Studies, vol. 52, PP. 383-401, 1985)'s continuous-time games of timing is not guaranteed under their assumptions.

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Year of publication:	2012
Authors:	Tsay, Min-Hung
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 32.2012, 2, p. 1680-1686
Publisher:	AccessEcon
Subject:	Dynamic Entry \| Preemption \| Rent Equalization \| Technology Adoption \| Timing Games

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Extent:	application/pdf
Type of publication:	Article
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/10011278578