This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of technology characteristics ((effectiveness, machinery and information costs…) and other economic indicators (firm’s size, technology capability, competition concentration, returns of scale,…). We use the model’s theoretical results to analyze simultaneously the effects on the structure and the average efficiency of the industry and to develop a framework for understanding the effect of competitive policy reform and public policy action necessary to enhance adoption and average productivity. The model we suggest also analyses effects on industry evolution and social welfare.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
9529.
Length: Date of creation: Mar 2005 Date of revision: Publication status: Published in The Journal of American Academy of Business, Cambridge Number 2.Volume 6(2005): pp. 1-8 Handle: RePEc:pra:mprapa:9529
Find related papers by JEL classification: O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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