Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/333489 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
Discussion Papers No. 25-05
Verlag: 
University of Bern, Department of Economics, Bern
Zusammenfassung: 
Uncertainty about the value of a contested innovation induces leaders and laggards to update their expectations in opposite directions. We characterize situations in which firms that have obtained an initial advantage are not the most likely to achieve final success. In spite of amplifying a leader's advantage, greater contest intensity facilitates this effect, challenging the view that laggards require support to remain competitive.
Schlagwörter: 
Innovation contests
learning
competitive balance
leapfrogging
JEL: 
C72
D82
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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