Managing dynamic competition
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In many important high-technology markets, including software development, data processing, communications, aeronautics, and defense, suppliers learn through experience how to provide better service at lower cost. This paper examines how a buyer designs dynamic competition among rival suppliers to exploit learning economies while minimizing the costs of becoming locked in to one producer. Strategies for controlling dynamic competition include the handicapping of more efficient suppliers in procurement competitions, the protection and allocation of intellectual property, and the sharing of information among rival suppliers. (JEL C73, D44, L10).
Published Version (Please cite this version)10.1257/00028280260344461
Publication InfoLewis, TR; & Yildirim, H (2002). Managing dynamic competition. American Economic Review, 92(4). pp. 779-797. 10.1257/00028280260344461. Retrieved from https://hdl.handle.net/10161/1737.
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Walter M. Upchurch, Jr. Distinguished Professor of Business Administration
Tracy Lewis is Professor of Economics at the Fuqua School of Business at Duke University, where he holds the Black Chair in Economics. Professor Lewis founded the Innovation Center at the University. Prior to joining the Duke University Faculty in 2003, he served on the faculties at the University of Florida, at the California Institute of Technology, the University of British Columbia, and the University of California, Davis. Aside from academic employment, he has also held positions at the Fed
Professor of Economics
Professor Yildirim's recent research concerns charitable giving, sequencing of bilateral negotiations, and the value of (non-)blind review. His papers have appeared in top economics journals such as American Economic Review, Review of Economic Studies, Journal of Economic Theory, and RAND journal of Economics.
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