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| Tekijä: | Conrad, C. Duchatelet, M. |
| Otsikko: | New technology adoption. |
| Lehti: | International Journal of Industrial Organization
1987 : SEP, VOL. 5:3, p. 315-321 |
| Asiasana: | NEW PRODUCTS TECHNOLOGICAL INNOVATION ENTRY CONDITIONS PRODUCT DIFFERENTIATION |
| Kieli: | eng |
| Tiivistelmä: | An examination of the product decisions of an incumbent and an entrant in a deterministic, dynamic model featuring learning by doing a costly product development. A solution is given for a closed loop equilibrium in a discrete- time model. Instances are shown where the entrant adopts the new technology product first, imitated later by the incumbent, and various industry scenarios emerge. The authors opine that the results assist understanding the relationship between the market structure, basic demand and cost conditions. |
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