Time-cost substitutability, earlycutting threat, and innovation timing
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DOI: 10.1016/j.econlet.2017.04.023
Abstract: With time-cost substitutability, a potential imitator could threat to “earlycut” the innovator by increasing experimental intensity. The earlycutting threat or uncertainty about the potential imitator’s experimental cost advantage usually drives down the new product’s quality… read more here.
Keywords: earlycutting threat; time cost; cost substitutability; threat ... See more keywords