Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
shown that network externalities positively affect the incentives to invest in R&D. In the model, competition resembles a … single firm dominates the market (i.e. wins the race), short-run competition is very fierce and concentrated on neck …-and-neck technological configurations. This short-run competition is fiercer and longer, the higher the level of network externalities …