Two New Technologies
One of the features of the models concerning the investment of new technologies considered in the previous chapter is that only one new technology was available. The availability of more consecutive new technologies complicates the technology investment decision considerably, since every time the firm evaluates an investment in a new technology it has to take into account that at a later point of time a more efficient technology will be invented.
KeywordsCurrent Technology Equilibrium Strategy Arrival Date Technology Investment Monopoly Profit
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