Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30509
Authors: 
Milliou, Chrysovalantou
Petrakis, Emmanuel
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper 2686
Abstract: 
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.
Subjects: 
technology adoption
innovation
diffusion
product differentiation
JEL: 
L13
O31
O32
O33
Document Type: 
Working Paper

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