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

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.


Issue Date:
May 05 1990
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/268391
Language:
English
Total Pages:
31
JEL Codes:
620




 Record created 2018-02-15, last modified 2018-02-15

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