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Networks, Options and Preemption

Mason, Robin and Weeds, Helen (2000) Networks, Options and Preemption. Working Paper. The Warwick Economics Research Paper Series (TWERPS) 575.

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Abstract

This paper examines the irreversible adoption of a technology whose returns are uncertain, when there is an advantage to being the first adopter, but a network advantage to adopting when others also do so. Two patterns of adoption emerge: sequential, in which the leader aggressively preempts its rival; and a more accommodating outcome in which the firms adopt simultaneously.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Technology ; Network Analysis ; Efficiency
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 17 Jul 2012 23:57
Last Modified: 17 Jul 2012 23:57
URI: http://repository.essex.ac.uk/id/eprint/3057

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