Hattori, Masahiko; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014
We present an analysis about adoption of new technology by firms in a duopoly with differentiated goods under absolute … depending on the value of set-up cost. Both firms, or one firm, or no firm adopt new technology. On the other hand, under … relative profit maximization there are two sub-game perfect equilibria. Both firms, or no firm adopt new technology. And we …