search query: @author Stenbacka, R. / total: 13
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| Author: | Stenbacka, R. Tombak, M. |
| Title: | Strategic timing of adoption of new technologies under uncertainty |
| Journal: | International Journal of Industrial Organization
1994 : SEP, VOL. 12:3, p. 387-411 |
| Index terms: | TIME TECHNOLOGY UNCERTAINTY |
| Language: | eng |
| Abstract: | IN this paper the authors introduce experience effects into a duopoly game of timing of adoption of new technologies which exhibit exogenous technological progress. Departing from the existing literature, with this model the authors obtain continuous and downward-sloping reaction functions. The authors find that a higher level of uncertainty increases the extent of dispersion between the equilibrium timings of adoption. The equilibrium timings are even more dispersed when the leader takes the follower's reaction into account. |
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