Preemption and rent equalization in the adoption of new technology: comment
Min-Hung Tsay ()
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Min-Hung Tsay: Department of International Business, National Taiwan University, Taipei 106, Taiwan.
Economics Bulletin, 2012, vol. 32, issue 2, pages 1680-1686
In this comment, we show that the existence of the preemption equilibrium in Fudenberg and Tirole (Review of Economics Studies, vol. 52, PP. 383-401, 1985)'s continuous-time games of timing is not guaranteed under their assumptions.
Keywords: Dynamic Entry; Preemption; Rent Equalization; Technology Adoption; Timing Games. (search for similar items in EconPapers)
JEL-codes: C7 L1 (search for similar items in EconPapers)
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