Smart products: liability, investments in product safety, and the timing of market introduction

DOI10.1016/J.JEDC.2021.104288OpenAlexW4200332358MaRDI QIDQ2115952FDOQ2115952

Authors: Herbert Dawid, Gerd Muehlheusser 

Publication date: 15 March 2022

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104288

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zbMATH Keywords

product innovationautonomous vehiclesproduct liabilityoptimal investment dynamicssmart products

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Dynamic R\&D with spillovers: competition vs cooperation
• Optimal Control of Nonlinear Processes
• Optimal Growth with a Convex-Concave Production Function
• From mind to market: a global, dynamic analysis of R\&D
• Technological leadership and persistence of monopoly under endogenous entry: static versus dynamic analysis
• Numerical analysis of Markov-perfect equilibria with multiple stable steady states: a duopoly application with innovative firms
• Delaying product introduction in a duopoly: a strategic dynamic analysis

Cited In (2)

• Sunk costs, entry and clustering
• Why product liability may lower product safety

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