Breakdowns
We study a continuous‐time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we find...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
John Wiley and Sons, Ltd.
2015
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