The Last Shall Be First: Innovation as a Head-to-Head Race
Patrick Arnold, Marc Möller, Catherine Roux
Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft
Abstract:
Uncertainty about the value of a contested innovation induces leaders and laggards to update their expectations in opposite directions. We characterize situations in which firms that have obtained an initial advantage are not the most likely to achieve final success. In spite of amplifying a leader’s advantage, greater contest intensity facilitates this effect, challenging the view that laggards require support to remain competitive.
Keywords: innovation contests; learning; competitive balance; leapfrogging (search for similar items in EconPapers)
JEL-codes: C72 D82 (search for similar items in EconPapers)
Date: 2025-09
New Economics Papers: this item is included in nep-mic, nep-sbm and nep-spo
References: Add references at CitEc
Citations:
Downloads: (external link)
https://repec.vwiit.ch/dp/dp2025.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ube:dpvwib:dp2505
Access Statistics for this paper
More papers in Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft Contact information at EDIRC.
Bibliographic data for series maintained by Franz Koelliker ().