The Dynamics of Technological Adoption in Hardware/Software Systems: The Case of Compact Disc Players
研究硬件/软件系统中技术采纳的动态关系，以光盘播放器为例，发现硬件与软件之间存在双向反馈，软件可用性显著影响硬件采纳。
In this paper we examine the dynamic resolution of technological adoption in \\hardware/software" systems. We are interested in determining to what extent software availability a®ects hardware sales and/or vice-versa. We ¯st develop a dynamic model for estimating demand when costs (and hence prices) are declining over time. We then estimate it empirically for the case of compact disc players. We ¯nd that there is \\two-way " feedback between hardware and software for compact disc players. The result that the availability of compatible software (the CDs) plays a signi¯cant role in determining the adoption of compact disc players is likely due in part to the fact that compact disc players were not compatible with any existing audio standard.