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A Perpetual Race to Stay Ahead

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Publication:4663339
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DOI10.1111/0034-6527.00314zbMath1103.91051OpenAlexW2125115467MaRDI QIDQ4663339

Johannes Hörner

Publication date: 30 March 2005

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/0034-6527.00314


zbMATH Keywords

Markov perfect equilibriadynamic competition


Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)


Related Items (7)

Competition, innovation, and the effect of R\&D knowledge ⋮ Innovate to lead or innovate to prevail: when do monopolistic rents induce growth? ⋮ A Mean Field Competition ⋮ Designing Dynamic Contests ⋮ Information gatekeepers: theory and experimental evidence ⋮ Understanding perpetual R\&D races ⋮ Dynamic investment strategies and leadership in product innovation






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