Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/185829 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
WWZ Working Paper No. 2017/09
Verlag: 
University of Basel, Center of Business and Economics (WWZ), Basel
Zusammenfassung: 
We consider a setting where strategic behavior of r&d firms can lead to different types of a technology lock-in, permanent or temporary, in an eventually inferior technology. The simple setting with one incumbent and one potential entrant may lead to a wide variety of possible strategic regimes. We study conditions on relative market strength of the incumbent and the entrant which lead to different strategic actions and demonstrate, that such a strategic behavior is not always socially suboptimal, since it may lead to faster development of the existing technology due to persistent threat of the potential entrant. We further elaborate on the selection of support tools which may induce the development of new technology in the second-best world and establish criteria for these tools to be social welfare improving ones.
Schlagwörter: 
technology lock-in
technological change
strategic interaction
r&d policy
multiple regimes
JEL: 
C61
O31
O38
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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