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| Min-Hung Tsay |
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| ''Preemption and rent equalization in the adoption of new technology: comment'' |
| ( 2012, Vol. 32 No.2 ) |
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| 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. |
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| Keywords: Dynamic Entry, Preemption, Rent Equalization, Technology Adoption, Timing Games. |
JEL:
L1 - Market Structure, Firm Strategy, and Market Performance: General |
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| Manuscript Received : Oct 02 2011 | | Manuscript Accepted : Jun 10 2012 |
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