G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2017
DP2017 Self-Control, Moderate Consumption and Craving
Juan Carrillo
发表日期1998-11-30
出版年1998
语种英语
摘要In several interesting markets, demand is an increasing function of past sales because of learning, network externalities or fashion. This paper examines entry into such markets. The two key elements of the model are that firms are uncertain about the demand (and learn in a Bayesian fashion) and that demand grows endogenously over time. The capacity expansion path of the competitive market is compared with the planning/monopoly solution. These paths differ not only with respect to levels (the market's investment is too low), but also with respect to their time patterns (externalities may lead to S-shaped diffusion). This framework provides some justification for industrial or trade policy arguments for subsidizing entry into new markets, especially for infant-export industries. The markets examined also exhibit path-dependence: small initial differences in demand conditions may lead either to an established market or a non-existing one.
主题Industrial Organization
关键词Diffusion paths Infant industries Network externalities New products Path dependence
URLhttps://cepr.org/publications/dp2017
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531148
推荐引用方式
GB/T 7714
Juan Carrillo. DP2017 Self-Control, Moderate Consumption and Craving. 1998.
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