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