Matutes, Carmen; Regibeau, Pierre; Rockett, Katharine - In: RAND Journal of Economics 27 (1996) 1, pp. 60-83
Innovators who have made significant breakthroughs may be tempted to get a head start in developing the applications of a new discovery before commercializing any new product. We consider how this socially undesirable waiting period and the pattern of development of subsequent innovations are...