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Rival Precedence and the Dynamics of Technology Adoption: An Empirical Analysis

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  • Hannan, Timothy H
  • McDowell, John M

Abstract

This study employs information on the adoption of automatic teller machines by banking firms to examine the nature of firm reactions to rival precedence in the adoption process Using a failure-time estimation procedure, it is found that the ado ption of this innovation by rivals increases the conditional probabil ity that a decision to adopt will be made. The effect of spillovers f rom technology adoption and the interaction of market concentration a nd rival precedence are also investigated. Finally, the study shows w ith an example how the estimation procedure may be used to test the u nderpinnings of diffusion processes. Copyright 1987 by The Review of Economic Studies Limited.

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  • Hannan, Timothy H & McDowell, John M, 1987. "Rival Precedence and the Dynamics of Technology Adoption: An Empirical Analysis," Economica, London School of Economics and Political Science, vol. 54(214), pages 155-171, May.
  • Handle: RePEc:bla:econom:v:54:y:1987:i:214:p:155-71
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