R&D Competition when firms Choose Variance

B-Tier
Journal: Journal of Economics & Management Strategy
Year: 2003
Volume: 12
Issue: 1
Pages: 139-150

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I consider an infinite‐period race where players choose between low‐ and high‐variance motion technologies. I provide sufficient conditions under which, in equilibrium, the leader chooses a safe technology and the laggard a risky one, thus formalizing the sports intuition that the laggard has nothing to lose. Various examples and empirical implications are presented.

Technical Details

RePEc Handle
repec:bla:jemstr:v:12:y:2003:i:1:p:139-150
Journal Field
Industrial Organization
Author Count
1
Added to Database
2026-01-25