acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more …

between the old andthe new technology and on whether firms compete in prices. Without price competition, a partiallock … sense completely disappears, although the old technology may keepsome market share in some periods as the new technology is …

study the effect of this process innovation on prices at stations that are automated and their competitors using a …

positive externality of increasing returns to investment which are counterbalanced by recombinant innovation. We determine … dirty technology can be unlocked and move towards the clean technology. The main extension involves the inclusion of the … effect of recombinant innovation of the two technologies. A mechanism of endogenous competition is described involving a …

This paper discusses the design, implementation and use of standards from the perspective of transaction costs … economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which … shows that network externalities play a major role in the use of standards, and that, on the other hand, worldwide standards …

We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological … innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to … innovation) and the benefits associated with returns to scale. We derive conditions for optimal diversity under different regimes …