The Role of Exogenous and Endogenous Learning the Diffusion of New Technology: An epidemic based study of the spread of Colour Television ownership in the UK

Massoud Karshenas and Paul Stoneman

The Warwick Economics Research Paper Series (TWERPS) 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: Technology Diffusion; Colour Television (search for similar items in EconPapers)
Pages: 31 pages
Date: 1990
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:356

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