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Article: Diffusion with variable production lead times

TitleDiffusion with variable production lead times
Authors
KeywordsDiffusion
Learning by doing
Production lead times
Technology choice
Issue Date2008
PublisherSpringer-Verlag Wien. The Journal's web site is located at http://www.springer.at/jecon
Citation
Journal Of Economics/ Zeitschrift Fur Nationalokonomie, 2008, v. 93 n. 2, p. 177-202 How to Cite?
AbstractWhen there is not one obvious candidate technology, entrants to a new industry face a non-trivial choice between longer lead times in the setting up of production and a better chance that the technology could successfully deliver. This paper shows how this tradeoff may yield gradual diffusion. Diffusion is more protracted in industries where learning opportunities are more bountiful. The equilibrium minimizes the long-run equilibrium price, just as in the standard Marshallian model of a competitive industry. The market structure does not seem to affect the rate of diffusion with the monopoly choosing the same rate of diffusion that prevails in competition despite restricting output. © 2008 Springer-Verlag.
Persistent Identifierhttp://hdl.handle.net/10722/85707
ISSN
2015 Impact Factor: 0.914
2015 SCImago Journal Rankings: 0.418
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:08:15Z-
dc.date.available2010-09-06T09:08:15Z-
dc.date.issued2008en_HK
dc.identifier.citationJournal Of Economics/ Zeitschrift Fur Nationalokonomie, 2008, v. 93 n. 2, p. 177-202en_HK
dc.identifier.issn0931-8658en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85707-
dc.description.abstractWhen there is not one obvious candidate technology, entrants to a new industry face a non-trivial choice between longer lead times in the setting up of production and a better chance that the technology could successfully deliver. This paper shows how this tradeoff may yield gradual diffusion. Diffusion is more protracted in industries where learning opportunities are more bountiful. The equilibrium minimizes the long-run equilibrium price, just as in the standard Marshallian model of a competitive industry. The market structure does not seem to affect the rate of diffusion with the monopoly choosing the same rate of diffusion that prevails in competition despite restricting output. © 2008 Springer-Verlag.en_HK
dc.languageengen_HK
dc.publisherSpringer-Verlag Wien. The Journal's web site is located at http://www.springer.at/jeconen_HK
dc.relation.ispartofJournal of Economics/ Zeitschrift fur Nationalokonomieen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsThe original publication is available at www.springerlink.com-
dc.subjectDiffusionen_HK
dc.subjectLearning by doingen_HK
dc.subjectProduction lead timesen_HK
dc.subjectTechnology choiceen_HK
dc.titleDiffusion with variable production lead timesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0931-8658&volume=93&spage=177&epage=202&date=2008&atitle=Diffusion+with+variable+production+lead+timesen_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1007/s00712-007-0296-9en_HK
dc.identifier.scopuseid_2-s2.0-43449099733en_HK
dc.identifier.hkuros148913en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-43449099733&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume93en_HK
dc.identifier.issue2en_HK
dc.identifier.spage177en_HK
dc.identifier.epage202en_HK
dc.identifier.eissn1617-7134-
dc.identifier.isiWOS:000254757300003-
dc.publisher.placeAustriaen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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