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Strategic Timing of Technology Dissemination

Author

Listed:
  • Kisang Lee

    (Sejong University)

  • Hyun Park

Abstract

In a dynamic game-theoretical model, this paper investigates the open-loop equilibrium timing of international and domestic technology adoption and diffusion. By extending the model of innovation rivalry by Katz and Shapiro (1987) to one of dissemination of a new technology in the presence of hetero-geneous sectors, this paper sheds light on the sequential decision processes in international and domestic markets. This paper demonstrates the interdependence of timing decisions, including a waiting equilibrium in the two markets, and evaluates the welfare effect of a new technology. Results in our model suggest policy recommendations at a micro- and macro-level of the economy.

Suggested Citation

  • Kisang Lee & Hyun Park, 2000. "Strategic Timing of Technology Dissemination," Korean Economic Review, Korean Economic Association, vol. 16, pages 409-429.
    • Handle: RePEc:kea:keappr:ker-200012-16-2-12
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    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-200012-16-2-12.pdf
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    Cited by:

    1. Byström Joakim & Müller Dieter K., 2014. "Tourism labor market impacts of national parks," ZFW – Advances in Economic Geography, De Gruyter, vol. 58(1), pages 115-126, October.

    More about this item

    Keywords

    Strategic Timing Decision; Technology Adoption and Diffusion;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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