Local Externalities and Societal Adoption of Technologies

Mark An and Nicholas Kiefer ()

Journal of Evolutionary Economics, 1995, vol. 5, issue 2, 103-17

Abstract: In this paper we study the effect of local network externalities on the societal adoption of competing technologies. Three cases are examined: single non-sponsored technology, single sponsored technology, and two non-sponsored technologies. The efficiency and predictability of the technology adoption process for each case is investigated. We demonstrate non-predictability for single technology case and efficiency for the two technology case. We show the firm sponsoring a technology may choose a strategy that leads to the extinction of the technology.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:5:y:1995:i:2:p:103-17

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