New Product Introduction and Market Evolution

John Hartwick

No 274078, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hy- pothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 1280
Date: 2011-11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:274078

DOI: 10.22004/ag.econ.274078

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