Market Structure and the Timing of Technology Adoption with Network Externalities.

The paper shows that in the presence of network externalities, consumers adopt conventional technologies too early; the waiting option for a newly emerging technology is not exercised enough.

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Year of publication:	1996
Authors:	Choi, J.P.
Institutions:	Department of Economics, School of Arts and Sciences
Subject:	TECHNOLOGY \| EXTERNALITIES \| ENTERPRISES

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	L10 - Market Structure, Firm Strategy, and Market Performance. General ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; O30 - Technological Change; Research and Development. General ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005549169