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- W2481588166 abstract "This chapter analyzes the link between adaptive R&D and the timing of new technology adoption in a strategic search model with heterogeneous firms. It is shown that the subgame-perfect equilibrium is in stopping rules with a reservation property. The model is used to examine the effect of rivalry, and whether R&D and adoption subsidies can increase social welfare and generate strategic advantage in international technological competition. It is found that the answers depend critically upon the relative magnitude of first-mover and second-mover advantages in the timing of adoption." @default.
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- W2481588166 date "2004-05-19" @default.
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- W2481588166 title "A strategic search model of technology adoption and policy" @default.
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- W2481588166 doi "https://doi.org/10.1016/s0278-0984(00)09051-9" @default.
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