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An Empirical Exploration of A Technology Race
Oleh:
Lerner, Josh
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 28 no. 2 (1997)
,
page 228-247.
Topik:
technology
;
empirical exploration
;
technology race
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
An extensive theoretical literature exmaines technological competition, and in particular whether leaders maintain their standing. These models, however, have received little empirical support. I examine innovation in the disk drive industry, an environment particularly conducive to identifying racing behaviour. Strategic variables proves significant in explaining the decision to innovate. The patterns are in accord with Reinganum's work : firms that trail the leader innovate more. I add controls for technological opportunity, financing constraints, and firm turnover. When firms manufacture drives for internal use or there are many entrants, and stategic interactions may be less important, the effects are less prononunced.
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