haku: @journal_id 1399 / yhteensä: 95
viite: 88 / 95
| Tekijä: | Dutta, P. Lach, S. Rustichini, A. |
| Otsikko: | Better late than early: vertical differentiation in the adoption of a new technology |
| Lehti: | Journal of Economics and Management Strategy
1995 : WINTER, VOL. 4:4, p. 563-590 |
| Asiasana: | ECONOMICS TECHNOLOGY MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | After initial breakthrough in the research phase of R&D, a new product undergoes a process of change, improvement, and adaptation to market conditions. We model the strategic behavior of firms in this development phase. The authors emphasize that a key dimension to this competition is the innovation that leads to product differentiation and quality improvement. In a duopoly model with a single adoption choice, the authors derive endogenously the level and diversity of product innovations. |
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