Preemption and rent equalization in the adoption of new technology: comment

Min-Hung Tsay ()
Additional contact information
Min-Hung Tsay: Department of International Business, National Taiwan University, Taipei 106, Taiwan.

Economics Bulletin, 2012, vol. 32, issue 2, 1680-1686

Abstract: 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)
Date: 2012-06-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I2-P161.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:ebl:ecbull:eb-11-00700

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().