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On the Modelling of the Adoption of Process Innovations

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  • Hen van de Water

    (University of Groningen)

  • Taco van der Vaart

    (University of Groningen)

Abstract

An alternative view on the modelling of diffusion processesof process innovations has been introduced by Nooteboom (1989). Thebasic idea in that paper is to model the process of adoption ofprocess innovations as a ‘gambling model’ with odds in favourdepending on expected returns and odds against depending on risk. In this paper it is investigated under which theoretical conditions posed on the expected return function the usual adopted assumptions Nooteboom (1989) with respect to the parameters of the gambling model are in fact reasonable. It is shown that only under certainconditions the assumptions made on the gambling model are true ontheoretical grounds. In all other cases a nonexample shows that theresults as mentioned in literature are in general not true.

Suggested Citation

  • Hen van de Water & Taco van der Vaart, 1997. "On the Modelling of the Adoption of Process Innovations," Computational and Mathematical Organization Theory, Springer, vol. 3(3), pages 199-209, September.
    • Handle: RePEc:spr:comaot:v:3:y:1997:i:3:d:10.1023_a:1009625819330
    DOI: 10.1023/A:1009625819330
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    References listed on IDEAS

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    1. Partha Dasgupta & Joseph Stiglitz, 1980. "Uncertainty, Industrial Structure, and the Speed of R&D," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 1-28, Spring.
    2. Tom Lee & Louis L. Wilde, 1980. "Market Structure and Innovation: A Reformulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(2), pages 429-436.
    3. Glenn C. Loury, 1979. "Market Structure and Innovation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 93(3), pages 395-410.
    4. Jennifer F. Reinganum, 1981. "Market Structure and the Diffusion of New Technology," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 618-624, Autumn.
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