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Persistent link: https://www.econbiz.de/10011090521
It is shown that asymmetry in R&D efficiency between firms is an important factor determining feasibility of the preemption and attrition scenarios in competitive R&D with time to build. Scenarios of attrition and preemption games are most likely to occur when competitors have similar R&D...
Persistent link: https://www.econbiz.de/10011090575