Arbeitspapier
Estimating the Costs of Standardization: Evidence from the Movie Industry
This paper studies the decentralized adoption of a technology standard when network effects are present. If the new standard is incompatible with the current installed base, adoption may be inefficiently delayed. I quantify the magnitude of "excess inertia" in the switch of the movie distribution and exhibition industries from 35mm film to digital. I specify and estimate a dynamic game of digital hardware adoption by theaters and digital movies supply by distributors. Counterfactual simulations establish that excess inertia reduces surplus by 19% relative to the first-best adoption path; network externalities explain 29% of the surplus loss.
- Sprache
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Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 8040
- Klassifikation
-
Wirtschaft
Entertainment; Media
Information and Internet Services; Computer Software
Technological Change: Choices and Consequences; Diffusion Processes
- Thema
-
technology adoption
network effects
movie industry
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Caoui, El Hadi
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Caoui, El Hadi
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2019
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