Kitamura, Hiroshi; Miyaoka, Akira; Sato, Misato - In: Journal of the Japanese and International Economies 29 (2013) C, pp. 98-116
This paper analyzes market diffusion in the presence of oligopolistic interaction among firms. Market demand is positively related to past market size because of consumer learning, networks, and bandwagon effects. Firms enter the market freely in each period with fixed costs and compete in...