The Role of Exogenous and Endogenous Learning and Economic Factors in the diffusion of New Technology: An Epidemic Based Study of the Spread of Colour Television Ownership in the UK

Massoud Karshenas and Paul Stoneman

No 268391, Economic Research Papers from University of Warwick - Department of Economics

Abstract: In this paper existing epidemic models of diffusion in the literature are modified to give freer interaction between exogenous and endogenous factors in the diffusion process and to also reflect the role of economic factors in that process. A new encompassing model is proposed and its properties explored. The model is applied to the diffusion of colour television ownership in the UK and outperforms the existing models in the literature. The exogenous factors play a dominant role in the diffusion of colour television in the UK.

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 31
Date: 1990-05-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268391

DOI: 10.22004/ag.econ.268391

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