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Persistent link: https://www.econbiz.de/10005684739
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 …
Persistent link: https://www.econbiz.de/10005588783
decision to adopt Fast Ethernet. The empirical evidence shows that both expectations and network effects significantly affect …
Persistent link: https://www.econbiz.de/10011158240
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We apply the dynamic stochastic framework proposed by recent evolutionary literature to the class of strict supermodular games when two simple behavior rules coexist in the population, imitation and myopic optimization.
Persistent link: https://www.econbiz.de/10005783558
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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
a game-theoretic foundation to rational expectations equilibria. …
Persistent link: https://www.econbiz.de/10005618870
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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