Technological change in markets with network externalities

Article Abstract:

Companies can choose between upgrading or replacing existing technologies when it comes to the development of successor technologies. Upgrading allows the company to remain compatible with industry standards while replacing old technologies with new ones commits the firm to a standard incompatible with current industry standards. A duopoly model that reveals how firms choose between product innovation and successor technologies that are compatible with established industry standards is evaluated.

Externalities (Economics)

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Public/private partnerships: stimulating competition in a dynamic market

Article Abstract:

Research is presented describing the study of innovation on the dynamic forces of competitive markets where private and public firms are working in partnership.

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Strategic timing of adoption of new technologies under uncertainty: A note

Article Abstract:

A new study investigates the timing of the adoption of new technology by different companies in an industry.

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