Due to startling and continued technological advances, information and communication technology (ICT) has received major attention in analysing innovation and growth dynamics in industrialised countries over the…
This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in R&D. In the…
This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the…