Monopolistic Competition and the Diffusion of New Technology
分析在垄断竞争的差异化产品市场中，企业采用和扩散新技术的时机选择，发现事前相同的企业会在不同时间点采用新技术，且竞争加剧通常促进扩散。
This article analyzes the adoption and diffusion of new technology in a market for a differentiated product with monopolistic competition. I show that in a noncooperative equilibrium ex ante identical firms adopt a new technology at different dates. This equilibrium can be described by a simple distribution function. For nonidentical firms, I state the conditions under which a positive relationship between firm size and speed of adoption exists. The model integrates rank and stock effects. I demonstrate that increased competition often promotes diffusion.