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decision to adopt Fast Ethernet. The empirical evidence shows that both expectations and network effects significantly affect …
Persistent link: https://www.econbiz.de/10011158240
We provide evidence on the influence of expectations and network effects on the timing of technological adoption. By … communication standard for Local Area Networks (LANs). We find that both expectations and network effects significantly affect the … timing of adoption. In particular, price expectations generally tend to delay adoption and (indirect) network effects in the …
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In strictly competitive games, equilibrium mixed strategies are invariant to changes in the ultimate prizes. Dixit & Skeath (1999) argue that this seems counter-intuitive. We show that this invariance is robust to dropping the independence axiom, but is removed if we drop the reduction axiom.
Persistent link: https://www.econbiz.de/10005532897
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In strictly competitive games, equilibrium mixed strategies are invariant to changes in the ultimate prizes. Dixit & Skeath (1999) argue that this seems counter-intuitive. We show that this invariance is robust to dropping the independence axiom, but is removed if we drop the reduction axiom.
Persistent link: https://www.econbiz.de/10005630786
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a game-theoretic foundation to rational expectations equilibria. …
Persistent link: https://www.econbiz.de/10005618870