Observability, Commitment and Flexibility
We show that whether observing technological choices made by the competitors is possible or not has significant impact on the equilibrium technological configurations. Depending upon the industry characteristics, the strategic value of technological flexibility may be either positive or negative, and it is sometimes better to observe than to be observed and sometimes to be observed than observe.
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|Date of creation:||1998|
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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.:
- Vives, Xavier, 1989. "Technological competition, uncertainty, and oligopoly," Journal of Economic Theory, Elsevier, vol. 48(2), pages 386-415, August.
- Marcel Boyer & Armel Jacques & Michel Moreaux, 1998.
"Better Observability Promotes the Adoption of More Flexible Technologies,"
CIRANO Working Papers
- Boyer, M. & Jacques, A. & Moreaux, M., 1998. "Better Observability Promotes the Adoption of more Flexible Technologies," Papers 98.505, Toulouse - GREMAQ.
- Marcel Boyer & Michel Moreaux, 1997.
"Capacity Commitment versus Flexibility,"
Journal of Economics & Management Strategy,
Wiley Blackwell, vol. 6(1), pages 347-376, 06.
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