Coordinating adoption decisions under externalities and incomplete information
نویسنده
چکیده
A monopolist sells a good whose value depends on the number of buyers who adopt it as well as on their private types. The seller coordinates the buyers’ adoption decisions based on their reported types, and charges them the price based on the number of adoptions. We study ex post implementable sales schemes that are collusion-proof, and show that under the revenue maximizing scheme, more buyer types are willing to adopt when there are more adoptions, and the number of adoptions is maximized subject to the participation constraints.
منابع مشابه
Rational expectations, optimal control and information technology adoption
The existing economics and IS literature on technology adoption often considers network externalities as one of the main factors that affect adoption decisions. It assumes that potential adopters achieve a certain level of expectations about network externalities when they have to decide whether to adopt a particular technology. However, there has been little discussion on how the potential ado...
متن کاملRational Expectations and Information Technology Adoption
The Economics and Information Systems literature on technology adoption often considers network externalities as one of the main factors that affect adoption decisions. The existing work assumes that potential adopters have a certain level of expectations about network externalities when they have to decide whether to adopt a particular technology. However, there has been little discussion on h...
متن کاملIncomplete Information and Strategic Learning in Technology Adoption and Diffusion
We study an incomplete information dynamic game of a finite number of agents adopting a new technology with pure information externalities. Each agent has private information about his idiosyncratic adoption cost, but shares the same public information released by early adopters about the technology’s efficiency. We show that a unique symmetric pure strategy Perfect Bayesian equilibrium exists....
متن کاملInformation Externalities and Strategic Delay in Technology Adoption and Di usion
We study an in nite period incomplete information dynamic game of a nite number of agents adopting a new technology with pure information externalities. Each agent has private information about his idiosyncratic adoption cost, but share the same public information, released by early adopters, about the technology's eÆciency, which is common to all agents. We show that a unique symmetric pure st...
متن کاملSEQUENTIAL ADOPTION THEORY: A Theory For Understanding Herding in Technology Adoption Decisions
Technology adoption often occurs sequentially, so that later potential adopters can see the decisions (adopt or not adopt) of earlier potential adopters. Here, we construct a model of the technology adoption decision where 1) adoption occurs sequentially, 2) each decision maker has some private information about the fitness of a technology, and 3) decision makers can see the decisions, but not ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 77 شماره
صفحات -
تاریخ انتشار 2013