WELFARE ASPECTS OF TECHNOLOGICAL ADOPTION WITH LEARNING
成果类型：
Article
署名作者：
MAGNAC, T; VERDIER, T
署名单位：
INRAE
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90103-Z
发表日期：
1993
页码：
31-48
关键词：
摘要：
This paper considers the welfare implications of adoption of a new technology when this technology is characterized by costs of adaptation and some 'localized learning' effects. A two-period model is developed to represent the 'adoption game' between firms in a duopolistic framework. Optimal social 'patterns' of adoption are compared with private patterns emerging as equilibria of the game. It is shown that differences between the two patterns are due first to the shape of the demand function of the product sold on the duopolistic market, and secondly to strategic interaction effects between the adopting firms.
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