Expectations,network effects and timing of technology adoption: some empirical evidence from a sample of SMEs in Italy |
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| Authors: | Nicoletta Corrocher Roberto Fontana |
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| Institution: | (1) CESPRI-Bocconi University, Via Sarfatti 25, Milan, 20136, Italy;(2) Department of Economics, NFH, University of Tromso, Tromso, 9037, Norway;(3) Department of Economics, University of Pavia, Via San Felice, Pavia, 5-27100, Italy |
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| Abstract: | We provide evidence on the influence of expectations and network effects on the timing of technological adoption. By considering
a sample of SMEs operating in Italy, we focus on the determinants of their decision to adopt Fast Ethernet, a communication
standard for Local Area Networks (LANs). We find that both expectations and network effects significantly affect the timing
of adoption. In particular, price expectations generally tend to delay adoption and (indirect) network effects in the form
of backward compatibility as well as informational spillovers tend to foster adoption. Firm size also matters.
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| Keywords: | Diffusion Network Effects Expectations LAN equipment |
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