Moen, Espen R. (contributor); Riis, Christian (contributor) - 2005
event of breach by one
of the parties, hereafter referred to as a breach penalty. The idea is that
a breach penalty may be … i
is only strictly positive if it has lower cost thaN the other entrants, and in
addition c B > ci. In this event, the …. Tirole (1985): �Preemption and Rent Equalization in
the Adoption of New Technology,�Review of Economic Studies, 52, 383 …