Observability, Commitment and Flexibility
Marcel Boyer (),
Armel Jacques and
Working Papers from Toulouse - GREMAQ
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)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:gremaq:98.504
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