Billette de Villemeur, Etienne; Ruble, Richard; … - Volkswirtschaftliche Fakultät, … - 2014
We study entry in a growing market by ex-ante symmetric duopolists when sunk costs differ for the innovating and imitating firm. Strategic competition takes the form either of a preemption race or of a war of attrition, the latter being likelier when demand uncertainty is high. Industry value is...