English, Article, Journal or magazine article edition: Timing of Technology Adoption and Product Market Competition Chrysovalantou Milliou; Emmanuel Petrakis

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Bookmark: http://trove.nla.gov.au/version/66119
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Timing of Technology Adoption and Product Market Competition
Author
  • Chrysovalantou Milliou
  • Emmanuel Petrakis
Physical Description
  • preprint
Notes
  • 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.
  • technology adoption, innovation, diffusion, product differentiation
  • RePEc:ces:ceswps:_2686
Language
  • English
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