Arbeitspapier
Timing of technology adoption and product market competition
This paper examines how product market competition affects firms' timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand competition. More specifically, Cournot competition can lead to earlier adoption than Bertrand competition. It shows also that competition toughness does not always reinforce adoption incentives. When goods are differentiated enough, adoption occurs later than it is socially optimal.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 2686
- Classification
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Wirtschaft
Oligopoly and Other Imperfect Markets
Innovation and Invention: Processes and Incentives
Management of Technological Innovation and R&D
Technological Change: Choices and Consequences; Diffusion Processes
- Subject
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technology adoption
innovation
diffusion
product differentiation
Technologie
Innovationsdiffusion
Zeit
Wettbewerb
Produktdifferenzierung
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Milliou, Chrysovalantou
Petrakis, Emmanuel
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Milliou, Chrysovalantou
- Petrakis, Emmanuel
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2009
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