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| Author: | Gotz, G. |
| Title: | Monopolistic competition and the diffusion of new technology |
| Journal: | RAND Journal of Economics
1999 : WINTER, VOL. 30:4, p. 679-693 |
| Index terms: | MONOPOLY COMPETITION DIFFUSION |
| Language: | eng |
| Abstract: | This article analyzes the adoption and diffusion of new technology in a market for a differentiated product with monopolistic competition. The author shows that in a noncooperative equilibrium ex ante identical firms adopt a new technology at different dates. This equilibrium can be described by a simple distribution function. For nonidentical firms, the author states the conditions under which a positive relationship between firm size and speed of adoption exists. |
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