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The Role of Exogenous and Endogenous Learning and Economic Factors in the diffusion of New Technology: An Epidemic Based Study of the Spread of Colour Television Ownership in the UK

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  • Karshenas, Massoud
  • Stoneman, Paul

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.

Suggested Citation

  • Karshenas, Massoud & Stoneman, Paul, 1990. "The Role of Exogenous and Endogenous Learning and Economic Factors in the diffusion of New Technology: An Epidemic Based Study of the Spread of Colour Television Ownership in the UK," Economic Research Papers 268391, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:268391
    DOI: 10.22004/ag.econ.268391
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    References listed on IDEAS

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    1. 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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    5. Davies, Stephen W., 1979. "Inter-firm diffusion of process innovations," European Economic Review, Elsevier, vol. 12(4), pages 299-317, October.
    6. repec:bla:econom:v:54:y:1987:i:214:p:155-71 is not listed on IDEAS
    7. Frank M. Bass, 1969. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 15(5), pages 215-227, January.
    8. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, September.
    9. Bonus, Holger, 1973. "Quasi-Engel Curves, Diffusion, and the Ownership of Major Consumer Durables," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 655-677, May-June.
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    1. Massoud Karshenas & Paul L. Stoneman, 1993. "Rank, Stock, Order, and Epidemic Effects in the Diffusion of New Process Technologies: An Empirical Model," RAND Journal of Economics, The RAND Corporation, vol. 24(4), pages 503-528, Winter.

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