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Time-to-market in vertically differentiated industries

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Bacchiega, Emanuele [Università degli Studi di Bologna] Jaskold Gabszewicz, Jean [UCL] Tarola, Ornella []

We study the introduction of new products in a vertically differentiated industry. Innovative firms have to engage into reducing time-to-market investments in order to shorten the time interval between innovation and sales. Still, these investments generate irreversible costs which have to be put in balance with profits accruing to the firm when starting its sales earlier than otherwise. We characterize the optimal investment policies under various assumptions concerning the market structure.

Document type Article de périodique (Journal article)
Publication date 2007
Language Anglais
Journal information "International Journal of Economic Theory" - Vol. 3, no. 4, p. 279-295 (Décembre 2007)
Peer reviewed yes
Publisher Wiley-Blackwell Publishing Ltd. (Oxford, United Kingdom)
issn 1742-7355
Affiliations Università degli Studi di Bologna - Dipartimento di Scienze Economiche
UCL - EUEN/CORE - Center for operations research and econometrics
Università della Svizzera Italiana - Istituto di Ricerche Economiche
Keywords Time-to-market ; Market structure ; Vertical product differentiation
Links
  1. Dutta Prajit K., Lach Saul, Rustichini4 Aldo, Better Late than Early: Vertical Differentiation in the Adoption of a New Technology, 10.1111/j.1430-9134.1995.00563.x
  2. Fudenberg Drew, Tirole Jean, Preemption and Rent Equalization in the Adoption of New Technology, 10.2307/2297660
  3. Gabszewicz, Journal of Economic Theory, 2, 240 (1979)
  4. Hoppe, Journal of Economics and Management Strategy, 10, 419 (2001)
  5. Mussa, Journal of Economic Theory, 18, 301 (1978)
  6. Reinganum, Review of Economic Studies, 48, 395 (1981)
  7. Yano, International Journal of Economic Theory, 1, 167 (2005)
Bibliographic reference Bacchiega, Emanuele ; Jaskold Gabszewicz, Jean ; Tarola, Ornella. Time-to-market in vertically differentiated industries. In: International Journal of Economic Theory, Vol. 3, no. 4, p. 279-295 (Décembre 2007)
Permanent URL http://hdl.handle.net/2078.1/23415