In an increasing technologically-led century the striking pattern that emerges in firms' innovative activities is that companies compete for a technological leadership position in situations best described as races. In high technology industries, where customers are willing to pay a premium for...

Preface -- Integrating networks, dynamic competition and industrial growth -- Networks, technology and competition -- Dynamics of competition and market dynamics -- Increasing returns mechanism -- New perspectives on industrial and economic growth: a review -- Mechanism design for economic...

This paper develops a framework to analyze how choices are made when R&D competition occurs between two firms, and the aggressiveness-time tradeoffs have to be resolved in multiple stages. At issue is the way in which resources are used at each stage, i.e. are aggressiveness problems undertaken...

We consider a firm moving towards a stochastic final destination, to be chosen from a discrete set after a decision period. The decision period itself may be deterministic or stochastic. We assume the firm can move at variable innovation (R&D) speed associated with a monotone nondecreasing...