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This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...
Persistent link: https://www.econbiz.de/10011382078
This study compares energy and emission taxes used to control pollution and provide incentives for the adoption of an advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order to maximize social welfare by setting an...
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that these two types of externalities co-exist, but differ in their spatial distribution and attenuation within cities …-city industry cluster in a diversified, large city appears to let firms enjoy the benefits of local industry-specific externalities …
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This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant … the presence of network externalities. By choosing compatible network goods, firms do not necessarily reduce the R …
Persistent link: https://www.econbiz.de/10003404785
shown that network externalities positively affect the incentives to invest in R&D. In the model, competition resembles a …. Moreover, network externalities have an important impact in the dynamic evolution of the industry. Although in the long-run a …-and-neck technological configurations. This short-run competition is fiercer and longer, the higher the level of network externalities …
Persistent link: https://www.econbiz.de/10003404793