Commercialization of innovations frequently stumbles. A prominent recent example is the early (i.e. pre-3G) mobile phone-enabled Internet services, whose European take-up was slower than expected. To determine why, we build a structural model of demand for such services and estimate it using...

In many industries, including telecommunications, a government decision on a standard is needed for the society to reap the benefits from the diffusion of new goods. Delays induced by regulatory bodies either in standard choice or its implementation can be extremely costly. I study governments'...