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Observability, Commitment and Flexibility

Marcel Boyer (), Armel Jacques and Michel Moreaux

Working Papers from Toulouse - GREMAQ

Abstract: We show that whether observing technological choices made by the competitors is possible or not has significant impact on the equilibrium technological configurations. Depending upon the industry characteristics, the strategic value of technological flexibility may be either positive or negative, and it is sometimes better to observe than to be observed and sometimes to be observed than observe.

Keywords: OLIGOPOLIES; MARKET STRUCTURE (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 1998
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