Discontinuous Adoption Paths With Dynamic Scale Economies

Agliardi, Elettra (1991) Discontinuous Adoption Paths With Dynamic Scale Economies. Bologna: Dipartimento di Scienze economiche DSE, p. 21. DOI 10.6092/unibo/amsacta/5241. In: Quaderni - Working Paper DSE (123). ISSN 2282-6483.
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Abstract

This paper examines the equilibrium adoption patch for two innovations when there are “network externalities”. We show that the existence of significant increasing returns in system-scale can give the result that one variant will drive out the other one and so emerges as the unique standard for the industry. Moreover, if “network externalities” are sufficiently strong, then the equilibrium adoption path is discontinuous, that is, it includes a catastrophe point.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Agliardi, Elettra0000-0001-9950-1152
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ISSN
2282-6483
DOI
Deposit date
01 Jul 2016 07:37
Last modified
01 Jul 2016 07:37
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