Question
Consider a patent race between Firm R and Firm S. Suppose that the patent is worth $10. The R&D are $4, $10, and $15million for
Consider a patent race between Firm R and Firm S. Suppose that the patent is worth $10. The R&D are $4, $10, and $15million for moving 1, 2, and 3 steps respectively. Denote firms' research positions (using intergers such as 1, 2,3 ) at the southwest corner of trigger zone I for firm R and firm S.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
15th edition
133457230, 978-0133457230
