| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5099220 | Journal of Economic Dynamics and Control | 2010 | 9 Pages |
Abstract
We study the speed at which technologies are adopted depending on how the market power is shared between the firms that sell technologies and the firms that buy them. Our results suggest that, because of a double marginalization problem, adoption is fastest when either sellers or buyers hold all the market power. Thus, competition between sides of the market may delay the adoption of technologies.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Javier Rivas,