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Rivalry and the Timing of Innovation

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  • Gary C. Fethke
  • John J. Birch

Abstract

The literature on product innovation usually assumes that the probability distribution governing the timing of innovations is the memoryless exponential distribution. We develop a probability model for the minimum time to innovation for a large number of rivals that does not exhibit the limitations of the exponential model. An optimization problem for a single firm is analyzed using this probability distribution and the results are compared with those for the traditional case.

Suggested Citation

  • Gary C. Fethke & John J. Birch, 1982. "Rivalry and the Timing of Innovation," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 272-279, Spring.
    • Handle: RePEc:rje:bellje:v:13:y:1982:i:spring:p:272-279
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    Cited by:

    1. Babacar Ndiaye & Cheikh Thiaw, 2011. "Positioning strategies in the case of oligopolistic competition: The case of telecommunications industry in Senegal," Post-Print halshs-00864556, HAL.
    2. Hao Zhao, 2003. "R&D Competition Between an Incumbent and an Entrant: An Integrated Model of R&D Investment, Performance Improvement, and Time-to-Market," Review of Marketing Science Working Papers 2-2-1023, Berkeley Electronic Press.

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