This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Incomplete Adoption of a Superior Innovation

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Lapan, H.
Moschini, G.

Additional information is available for the following registered author(s):

Abstract

We consider a model in which an innovating monopolist of a technologically superior intermediate input must sell this product to final output producers. Prior research shows that, with complete information, the monopolist's optimal strategy will lead to complete adoption of this technologically superior innovation. In this article we show that, when the price of some competitively supplied input used in the final product market is endogenous and is altered by adoption of the innovation, then the optimal pricing strategy of the monopolist may lead to incomplete innovation. Thus, the standard result of complete adoption of the superior technology is partly attributable to the partial equilibrium nature of prior models.

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 1738.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: 14 Feb 2000
Date of revision:
Publication status: Published in Economica, November 2000, Vol. 67, No. #268, pp. 525-42.
Handle: RePEc:isu:genres:1738

Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Email:
Web page: http://www.econ.iastate.edu
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Stephanie Bridges).

Related research
Keywords:

Other versions of this item:

Find related papers by JEL classification:
A0 - General Economics and Teaching - - General
D0 - Microeconomics - - General

Cited by:
(explanations, 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.)

  1. Alexander E. Saak, 2003. "Location, Planting Decisions, and the Marketing of Quality-Differentiated Agricultural Commodities," Center for Agricultural and Rural Development (CARD) Publications 03-wp331, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
  2. Lapan, Harvey E. & Moschini, GianCarlo, 2002. "Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products," Staff General Research Papers 2109, Iowa State University, Department of Economics. [Downloadable!]
    Other versions:
  3. Saak, Alexander, 2003. "Location, Planting Decisions, and the Marketing of Quality-Differentiated Agricultural Commodities," Staff General Research Papers 10359, Iowa State University, Department of Economics. [Downloadable!]
  4. Alexander E. Saak, 2003. "Location, Planting Decisions, and the Marketing of Quality-Differentiated Agricultural Commodities," Food and Agricultural Policy Research Institute (FAPRI) Publications 03-wp331, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University. [Downloadable!]
Statistics
Access and download statistics

Did you know? RePEc also has a blog.

This page was last updated on 2008-7-25.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.