Technology diffusion in a differentiated industry

e-Archivo Repository

Show simple item record Petrakis, Emmanuel
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía 2008-09-04T10:19:58Z 2008-09-04T10:19:58Z 1994-10
dc.identifier.issn 2340-5031
dc.description.abstract This paper investigates the adoption timing pattern of a cost-reducing innovation in a differentiated oligopolistic industry. It compares price and quantity market competition with the second-best optimal adoption rule. The diffusion pattern typically depends on the degree of product differentiation, and on the ability of firms to precommit, or not, to a certain adoption date. When goods are imperfect substitutes, market competition leads always to later adoption dates than it is socially optimal. When goods are sufficiently close substitutesı the last adoption occurs always earlier than in the optimum; the first adoption might also occur earlier but only if preemption is a credible threat.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Papers. Economics
dc.relation.ispartofseries 1994-33-15
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.subject.other Innovation
dc.subject.other Diffusion
dc.subject.other Horizontal Differentiation
dc.subject.other Imperfect Competition
dc.title Technology diffusion in a differentiated industry
dc.type workingPaper
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
 Find Full text

Files in this item

*Click on file's image for preview. (Embargoed files's preview is not supported)

The following license files are associated with this item:

This item appears in the following Collection(s)

Show simple item record