Market structure and the timing of technology adoption with network externalities
AbstractThe paper shows that in the presence of network externalities, consumers adopt conventional technologies too early; the waiting option for a newly emerging technology is not exercised enough.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 42 (1998)
Issue (Month): 2 (February)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eer
Other versions of this item:
- Choi, J.P., 1996. "Market Structure and the Timing of Technology Adoption with Network Externalities," Discussion Papers 1996_06, Columbia University, Department of Economics.
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Katz, Michael L & Shapiro, Carl, 1992. "Product Introduction with Network Externalities," Journal of Industrial Economics, Wiley Blackwell, vol. 40(1), pages 55-83, March.
- Choi, Jay Pil, 1994.
"Network Externality, Compatibility Choice, and Planned Obsolescence,"
Journal of Industrial Economics,
Wiley Blackwell, vol. 42(2), pages 167-82, June.
- Choi, J.P., 1991. "Network Externality, Compatibility Choice, and Planned Obsolescence," Discussion Papers 1991_67, Columbia University, Department of Economics.
- Katz, Michael L & Shapiro, Carl, 1986. "Technology Adoption in the Presence of Network Externalities," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 822-41, August.
- Thum, Marcel, 1994. "Network externalities, technological progress, and the competition of market contracts," International Journal of Industrial Organization, Elsevier, vol. 12(2), pages 269-289, June.
- Waldman, Michael, 1993. "A New Perspective on Planned Obsolescence," The Quarterly Journal of Economics, MIT Press, vol. 108(1), pages 273-83, February.
- Sujoy Chakravarty, 2003.
"Experimental Evidence on Product Adoption in the Presence of Network Externalities,"
Review of Industrial Organization,
Springer, vol. 23(3), pages 233-254, December.
- Sujoy Chakravarty, 2003. "Experimental Evidence on Product Adoption in the Presence of Network Externalities," Review of Industrial Organization, Springer, vol. 23(3_4), pages 233-254, December.
- Jay Pil Choi & Marcel Thum, 2007.
"The Economics of Politically Connected Firms,"
CESifo Working Paper Series
2025, CESifo Group Munich.
- Maarten Janssen & Ewa Mendys-Kamphorst, 2007. "Evolution of market shares with repeated purchases and heterogeneous network externalities," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 551-577, October.
- Eirik Kristiansen & Marcel Thum, 1997.
"R&D incentives in compatible networks,"
Journal of Economics,
Springer, vol. 65(1), pages 55-78, February.
- Karaca-Mandic, Pinar, 2003. "Network Effects in Technology Adoption: The Case of DVD Players," Department of Economics, Working Paper Series qt3zj05321, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Oz Shy, 2010.
"A short survey of network economics,"
10-3, Federal Reserve Bank of Boston.
- Christian Dahl Winther, 2008. "Popularity and Debut," Economics Working Papers 2008-02, School of Economics and Management, University of Aarhus.
- A. Mahati & Rupayan Pal, 2013. "Competition, strategic delegation and delay in technology adoption," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-016, Indira Gandhi Institute of Development Research, Mumbai, India.
- Kim, Jeong-Yoo, 2002. "Product compatibility as a signal of quality in a market with network externalities," International Journal of Industrial Organization, Elsevier, vol. 20(7), pages 949-964, September.
- Liikanen, Jukka & Stoneman, Paul & Toivanen, Otto, 2004. "Intergenerational effects in the diffusion of new technology: the case of mobile phones," International Journal of Industrial Organization, Elsevier, vol. 22(8-9), pages 1137-1154, November.
- Kubota, Keiko, 2000. "Trade negotiations in the presence of network externalities," Policy Research Working Paper Series 2317, The World Bank.
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