2014•Biotechnology : an Indian journalRequires access
Product and process innovations in a monopoly market with network externalities
Mingqing Xing
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Abstract
This study analyzes the RD (ii) the complementary degree is not influenced by the network externalities in the myopic expectation case, but it increases with the intensity of network externalities in the fulfilled expectation case; (iii) the complementary degree in the fulfilled expectation case is higher than that in the myopic expectation case; (iv) the optimal product (or process) innovation efforts when the market exhibits network externalities are higher than that when it does not exhibit network externalities in both expectation cases