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Rank, Stock, Order And Epidemic Effects In The Diffusion Of New Process Technologies: An Empirical Model

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  • Karshenas, Massoud
  • Stoneman, Paul

Abstract

In this paper we set up a general duration model of technology adoption which incorporates the main factors discussed in the different demand side theories of diffusion of new process technologies. The model is applied to the data on diffusion of CNC in the UK engineering industry. It is found that while there is strong evidence for the rank and endogenous learning effects, there seems to be little evidence in support of the stock and order effects, as characterized by the game theoretic models.

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  • Karshenas, Massoud & Stoneman, Paul, 1990. "Rank, Stock, Order And Epidemic Effects In The Diffusion Of New Process Technologies: An Empirical Model," Economic Research Papers 268393, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:268393
    DOI: 10.22004/ag.econ.268393
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    1. Karshenas, Massoud & Stoneman, Paul, 1990. "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," The Warwick Economics Research Paper Series (TWERPS) 356, University of Warwick, Department of Economics.
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    3. Norman J. IRELAND & Paul L. STONEMAN, 1985. "Order Effects, Perfect Foresight and Intertemporal Price Discrimination," Discussion Papers (REL - Recherches Economiques de Louvain) 1985012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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    6. 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.
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