Strategic Complementarities in a Dynamic Model of Technology Adoption: P2P Digital Payments
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This paper develops a dynamic model of technology adoption featuring strategic complementarities: the benefits of usage increase with the number of adopters. We study the diffusion of new means of payments, where such complementarities are pervasive. We show that complementarities give rise to
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美国国家经济研究局创建时间：
2023-05-01
