Employment,technological diffusion and oligopoly |
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Authors: | Michael Waterson Paul Stoneman |
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Affiliation: | University of Newcastle upon Tyne, Newcastle upon Tyne, NE1 7RU, UK;University of Warwick, Coventry CV4 7AL, UK |
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Abstract: | This paper takes a simple model of the diffusion process and analyses the employment implications. Two factors tending to make employment fall to a low point at some intermediate position along the diffusion path are identified. It is argued that the path of industry employment during diffusion will in general not be monotomic. |
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