Externalités et coordination: la concurrence des standards technologique

Nicolas Jonard

Annals of Economics and Statistics, 1999, issue 53, 149-169

Abstract: The dynamics of technological adoption are studied in a Markovian industry in which competing firms interact through price and network externalities. Technological complementarities alter firms productivities, entailing permanent fluctuations in output and equilibrium price. The limit distribution on the set of possible states of the industry is examined and shown to be closely related to the dispersion of firms technological expectations. Standardization and diversity are possible outcomes of the process, depending on the level of firm heterogeneity. Welfare implications are then discussed in contexts of competitive and oligopolistic market interaction.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1999:i:53:p:149-169

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