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

DOI10.1016/J.JEDC.2021.104288MaRDI QIDQ2115952zbMATH OpenOpenAlexFDO

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

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)

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• EX ANTE INVESTMENT, EX POST REMEDIES, AND PRODUCT LIABILITY*
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Cites work

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

Cited in

(2)

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

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