ENTRY, EXIT, AND DIFFUSION WITH LEARNING BY DOING

1988-01-01preprintRePEc: Research Papers in Economics215 citationsclosed

No readable copy stored yet — this record is metadata only.

Innovation Diffusion and Forecasting Merger and Competition Analysis Firm Innovation and Growth

Abstract

Early entry has the advantage of higher revenues per unit of output early on. Late entry has the benefit of learning from the experience of earlier entrants, and hence lower production costs. The advantages are balanced off in a continuous-time, perfect-foresight equilibrium. Competition generates S-shaped diffusion, and staggered entry and exit. A monopolist will innovate less than a competitive industry, but the innovation that he does do, he will do sooner. Copyright 1989 by American Economic Association.

Citations in this library

Stored only when both papers are in the corpus — 215 citations exist upstream.

References

1971The Economic Implications of Learning by Doing

1982Selection and the Evolution of Industry

1982Time Paths in the Diffusion of Product Innovations

1963Reliability of Progress Curves in Airframe Production

Cited by

2013Explaining the diffusion of renewable energy technology in developing countries

2002Technical Change, External Economies, and the Porter Hypothesis

2010Learning by Doing

2010Competing engines of growth: Innovation and standardization

2002The Timing of New Technology Adoption: Theoretical Models and Empirical Evidence

1994Plant Age and Technology use in U.S. Manufacturing Industries

2010Evolutionary agglomeration theory: increasing returns, diminishing returns, and the industry life cycle

2002Knowledge Spillovers and Inequality