Empirically the diffusion of competing technologies most often displays either "lock-in" to a quasi-monopoly or apparent turbulence but rarely stable market-sharing. In contrast with widespread views, we show that, first, unbounded increasing returns are neither necessary nor sufficient to lead...

This work concerns some generic properties of the international diffusion of technologies and products in markets which are interdependent but displays, to varying degrees, location specific forms of dynamic increasing returns and externalities.

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