Multiple New Technologies
In this chapter we extend the models of Chapters 4 and 5 by adding uncertainty to the innovation process and by considering multiple new technologies. The new technologies are invented at previously unknown points of time. A comparable framework is considered in the duopoly model by Gaimon, 1989. The difference is that in that paper a continuous stream of new technologies arrives over time, which is known beforehand by the firms.
KeywordsEquilibrium Strategy Equilibrium Outcome Technology Investment Timing Game Market Share Gain
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