The effects of the market structure on the adoption of evolving technologies

Javier Rivas (1)

1 Department of Economics

We study the speed at which technologies are adopted depending on how the market power is shared between the firms that sell technologies and the firms that buy them. Our results suggest that, because of a double marginalization problem, adoption is fastest when either sellers or buyers hold all the market power. Thus, competition between sides of the market may delay the adoption of technologies.

Mots clés: Market Structures

Domaines: Économie et finance quantitative [q-fin]

Javier Rivas. The effects of the market structure on the adoption of evolving technologies. Journal of Economic Dynamics and Control, 2010, 34 (12), pp.2485. ⟨10.1016/j.jedc.2010.06.026⟩. ⟨hal-00743846⟩