Adoption and Diffusion of Cost Reducing Innovations: Cournot Competition in Duopoly | Zendy

Raouf Boucekkine | Zendy; Omar Licandro | Zendy; Antonio Minniti | Zendy

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Adoption and Diffusion of Cost Reducing Innovations: Cournot Competition in Duopoly

Author(s) -

Raouf Boucekkine,

Omar Licandro,

Antonio Minniti

Publication year - 2004

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.688905

Subject(s) - cournot competition , duopoly , competition (biology) , diffusion , industrial organization , economics , microeconomics , bertrand competition , business , oligopoly , physics , ecology , biology , thermodynamics

This note analyses the adoption and diusion of innovations in a hori- zontally dierentiated Cournot duopoly in which …rms have to choose the dates for adopting a cost-reducing new technology like in Rein- ganum (1981a). We prove that product dierentiation crucially mat- ters in the diusion pattern of the innovation and in the comparison between the adoption timing in the decentralized economy Vs the so- cial optimum.

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