| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4983 |
| DP4983 Demand and Distance: Evidence on Cross-Border Shopping | |
| Richard Friberg; Björn Marcus Asplund; Fredrik Wilander | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We introduce strategic waiting in a global game setting with irreversible investment. Players can wait in order to make a better informed decision. We allow for cohort effects and discuss when they arise endogenously in technology adoption problems with positive contemporaneous network effects. Formally, cohort effects lead to intra-period network effects being greater than inter-period network effects. Depending on the nature of the cohort effects, the dynamic game may or may not satisfy dynamic increasing differences. If it does, our model has a unique rationalizable outcome. Otherwise, there exist parameter values for which multiple equilibria arise because players have a strong incentive to invest at the same point in time others do. |
| 主题 | Industrial Organization |
| 关键词 | Global game Strategic waiting Coordination Strategic complementarities Period-speciifc network effects Equilibrium selection |
| URL | https://cepr.org/publications/dp4983 |
| 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/533881 |
| 推荐引用方式 GB/T 7714 | Richard Friberg,Björn Marcus Asplund,Fredrik Wilander. DP4983 Demand and Distance: Evidence on Cross-Border Shopping. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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