• Innovation in a generalized timing game 

      Smirnov, Vladimir; Wait, Andrew
      Published 2013-08-01
      We examine innovation as a timing game with complete information and observable actions in which firms decide when to enter a market. We characterize all pure strategy subgame perfect equilibria for the two-player symmetric ...
      Open Access
      Working Paper
    • On Broadway and strip malls: how to make a winning team 

      Bel, Roland; Smirnov, Vladimir; Wait, Andrew
      Published 2012-11-01
      A successful organization – or Broadway production – needs the right team. A potential issue is that an existing synergy between complementary agents (or assets) can reduce the marginal return of effort, creating a ...
      Open Access
      Working Paper
    • Ownership, access and sequential investment 

      Mai, Maxim; Smirnov, Vladimir; Wait, Andrew
      Published 2011-10-01
      We extend the property-rights framework to allow for: a separation of the ownership rights of access and veto; and sequential investment. Parties investing first (ex ante) do so before contracting is possible. Parties that ...
      Open Access
      Working Paper
    • A Swarm of Innovators: Information, Leadership and Innovation 

      Bel, Roland; Smirnov, Vladimir; Wait, Andrew
      Published 2011-11-01
      We study the interplay between innovation, communication in an organization and leadership. Although a firm requires both strong leadership and sufficient communication in order to innovate, we posit that frequent communication ...
      Open Access
      Working Paper