Strategic Timing of Technology Dissemination

Kisang Lee and Hyun Park
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Kisang Lee: Sejong University

Korean Economic Review, 2000, vol. 16, 409-429

Abstract: In a dynamic game-theoretical model, this paper investigates the open-loop equilibrium timing of international and domestic technology adoption and diffusion. By extending the model of innovation rivalry by Katz and Shapiro (1987) to one of dissemination of a new technology in the presence of hetero-geneous sectors, this paper sheds light on the sequential decision processes in international and domestic markets. This paper demonstrates the interdependence of timing decisions, including a waiting equilibrium in the two markets, and evaluates the welfare effect of a new technology. Results in our model suggest policy recommendations at a micro- and macro-level of the economy.

Keywords: Strategic Timing Decision; Technology Adoption and Diffusion (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2000
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