The effects of the market structure on the adoption of evolving technologies
We study the speed at which technologies are adopted depending on how the market power is shared between the firms that sell technologies and the firms that buy them. Our results suggest that, because of a double marginalization problem, adoption is fastest when either sellers or buyers hold all the market power. Thus, competition between sides of the market may delay the adoption of technologies.
Year of publication: |
2010
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Authors: | Rivas, Javier |
Published in: |
Journal of Economic Dynamics and Control. - Elsevier, ISSN 0165-1889. - Vol. 34.2010, 12, p. 2485-2493
|
Publisher: |
Elsevier |
Subject: | Market structures Technology adoption |
Saved in:
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