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dominance criterion, the global game theory, and the maximin criterion. We present experimental evidence that both the relative …
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We examine a technology adoption game with network effects in which coordination on technology A and technology B constitute a Nash equilibrium. Coordination on technology B is assumed to be payoff-dominant. We define a technology's critical mass as the minimum share of users necessary to make...
Persistent link: https://www.econbiz.de/10009316779
dominance criterion, the global game theory, and the maximin criterion. We present experimental evidence that both the relative …
Persistent link: https://www.econbiz.de/10013144640
Persistent link: https://www.econbiz.de/10014334779
This paper studies the adoption and diffusion of a product innovation in a duopoly market. Firms are asymmetric, and learning is endogenously determined by the volume of sales. In equilibrium, both high- and low-quality firms may lead adoption, and first-movers are often uniquely determined by...
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