This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when …

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when …

of firms in a model of industry dynamics based on Nelson & Winter (1982) …

in their markets. Accordingly, I build a dynamic model where firms are endowed with a search technology used for …

demanding high royalties for a patented input after the SSO has adopted the patented technology as an industry standard and …’ endorsement of that particular patented technology for adoption in the industry standard. However, neither the proponents of these … ostensibly because the cost of the patented technology had been characterized as simply one more technical attribute of the …

-product competitors selling similar goods. The resulting equilibrium is less profitable for potential entrants, and can discourage entry …

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when …

would be prohibitive. Such areas can become transaction free zones.The purpose of this chapter is to build a theory of …