How do Interpersonal Influence Externalities Affect the Diffusion of Innovations

Frédéric Deroïan ()

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: Why do innovations need delay to diffuse, or why do they fail? This paper provides a possbile explanation. Considering a population of potential adopters of a technology, we set up a model composed of interacting agents. Interaction is conceived as influence effects and the network of interpersonal influences is learning step by step. The model entails the formation of a structure of the relational influence that leads, after a period of active latency, to an endogenous bifurcation in the aggregate dynamics of the individual opinions.

Keywords: SOCIETY; LEARNING; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: A12 A14 D11 D83 O33 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a50

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