This paper presents an empirical estimation of catastrophe model of organizational adoptions of a high technology product when network externalities are present. As such, it integrates work from the economics literature and the catastrophe literature to provide a broadeer look at adoption...

Preface -- Chapter 1: Executive Summary -- Part I. Regional Economic Structure and Productivity -- Chapter 2: Regional Economic Structure in Japan -- Chapter 3: Regional Productivity and Convergence -- Chapter 4: Regional Productivity and Determinants -- Part II. Inter-Regional Network Economies...

This paper describes a customizable classroom game used to demonstrate the effects of network externalities on the adoption of new technologies. The game is a web-based adaptation of Ruebeck et al.'s (2003) network externalities game. The web-based game is freely available and can be played in a...

We introduce a model of strategic experimentation on social networks where forwardlooking agents learn from their own and neighbors’ successes. In equilibrium, private discovery is followed by social diffusion. Social learning crowds out own experimentation, so total information decreases with...

In this paper, we formulate a differential game model to investigate firms’ competition in both price and product R&D. The significant features of our research include: (i) incorporating the factor of network effects into the framework of continuous dynamic competition; (ii) considering the...