Technology diffusion in a differentiated industry

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dc.contributor.author Petrakis, Emmanuel
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2008-09-04T10:19:58Z
dc.date.available 2008-09-04T10:19:58Z
dc.date.issued 1994-10
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/2921
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.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
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
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