RANK, STOCK, ORDER AND EPIDEMIC EFFECTS IN THE DIFFUSION OF NEW PROCESS TECHNOLOGIES: AN EMPIRICAL MODEL

Massoud Karshenas and Paul Stoneman

No 268393, Economic Research Papers from University of Warwick - Department of Economics

Abstract: In this paper we set up a general duration model of technology adoption which incorporates the main factors discussed in the different demand side theories of diffusion of new process technologies. The model is applied to the data on diffusion of CNC in the UK engineering industry. It is found that while there is strong evidence for the rank and endogenous learning effects, there seems to be little evidence in support of the stock and order effects, as characterized by the game theoretic models.

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 36
Date: 1990
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Rank, Stock, Order, and Epidemic Effects in the Diffusion of New Process Technologies: An Empirical Model (1993)
Working Paper: RANK, STOCK, ORDER AND EPIDEMIC EFFECTS IN THE DIFFUSION OF NEW PROCESS TECHNOLOGIES: AN EMPIRICAL MODEL (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268393

DOI: 10.22004/ag.econ.268393

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