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- W2391993797 abstract "First and second mover advantages exist in the patent race simultaneously and these levels would determine the equilibrium types arises in the game of investment timing for patent RD between two symmetric enterprises as well as the investment decision in the process.Under incomplete information and technical uncertainty,it is essential to introduce information spillovers and lag effect for the followers and leaders to occupy the second and first mover advantages respectively as well as establish an investment decision-making model based on real options analysis.Through calculation and analysis of various optimal investment threshold beliefs,it is shown that both a preemption game and a war of attrition can arise for specific parameters of the model.The longer the lag time for information spillovers,the smaller the technical uncertainty,the faster the random signal received,the higher the quality of the signal will be,and the leader's first mover advantage will be more apparent,the possibility of the preemption game will be higher.Contrarily,the follower's second mover advantage will be more apparent,the possibility of the war of attrition will be higher.." @default.
- W2391993797 created "2016-06-24" @default.
- W2391993797 creator A5080791772 @default.
- W2391993797 date "2010-01-01" @default.
- W2391993797 modified "2023-09-26" @default.
- W2391993797 title "Analysis on Incomplete Information Patent Race with Second Mover Advantages" @default.
- W2391993797 hasPublicationYear "2010" @default.
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