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• W2107988614 abstract "Is it better to move first, or second— to innovate, or to imitate? We look at this in a context with both asymmetric information and payoff externalities. Suppose two players, one with superior information about market quality, consider entering one of two new markets immediately or waiting until the last possible date. We show that the more accurate the informed player’s information, the more he wants to delay to keep his information private. The less-informed player also wants to delay, but in order to learn. The less accurate the informed player’s information, the more both players want to move first to foreclose a market. More accurate information can lead to inefficiency by increasing the players’ incentive to delay. Thus, a moderate delay cost can increase industry profits." @default.
• W2107988614 created "2016-06-24" @default.
• W2107988614 creator A5010924162 @default.
• W2107988614 creator A5059872446 @default.
• W2107988614 date "2007-09-01" @default.
• W2107988614 modified "2023-09-27" @default.
• W2107988614 title "First versus Second-Mover Advantage with Information Asymmetry about the Size of New Markets" @default.
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• W2107988614 hasPublicationYear "2007" @default.
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