Consider a supply chain with an original equipment manufacturer (OEM) that designs and sells an innovative product and a contract manufacturer (CM) that produces the product for the OEM under a wholesale price contract. The demand is random and its mean is unknown, which can be uncovered, at...

This paper studies information acquisition under competitive pressure and proposes a model to examine the relationship between product market competition and the level of innovative activity in an industry. Our paper offers theoretical support for recent empirical results that point to an...

This paper studies information acquisition under competitive pressure and proposes a model to examine the relationship between product market competition and the level of innovative activity in an industry. Our paper offers theoretical support for recent empirical results that point to an...