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Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure

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  • Andrea Bassanini

    ()
    (ERMES - Equipe de recherche sur les marches, l'emploi et la simulation - CNRS : UMR7017 - Université Paris II - Panthéon-Assas, CEPN - Centre d'Economie de l'Université de Paris Nord (ancienne affiliation) - Université Paris XIII - Paris Nord - CNRS : UMR7115)

  • Giovanni Dosi

    (LEM - Laboratory of Economics and Management - Scuola Superiore Sant'Anna)

Abstract

Empirically the diffusion of competing technologies most often displays either "lock-in" to a quasi-monopoly or apparent turbulence but rarely stable market-sharing. In contrast with widespread views, we show that, first, unbounded increasing returns are neither necessary nor sufficient to lead to technological monopolies. Rather, asymptotic patterns depend on the relative impact of increasing returns and the degree of adopters heterogeneity. Second, the unlikely empirical occurence of stable market-sharing is slower then to monopoly; thus, in the former case, the enviroment often changes before the market-share trajectory becomes stable.

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Bibliographic Info

Paper provided by HAL in its series CEPN Working Papers with number halshs-00185579.

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Date of creation: 1999
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Handle: RePEc:hal:cepnwp:halshs-00185579

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00185579
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Related research

Keywords: Product selection; unbounded returns; network externalities; heterogeneity;

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Cited by:
  1. Degner, Harald, 2010. "Windows of technological opportunity: do technological booms influence the relationship between firm size and innovativeness?," FZID Discussion Papers 15-2010, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  2. Carolina Castaldi & Giovanni Dosi, 2003. "The Grip of History and the Scope for Novelty: Some Results and Open Questions on Path Dependence in Economic Processes," LEM Papers Series 2003/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  3. Bulat Sanditov, 2005. "Patent Citations, the Value of Innovations and Path-Dependency," KITeS Working Papers 177, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2005.

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