How do Interpersonal Influence Externalities Affect the Diffusion of Innovations
AbstractWhy do innovations need delay to diffuse, or why do they fail? This paper provides a possbile explanation. Considering a population of potential adopters of a technology, we set up a model composed of interacting agents. Interaction is conceived as influence effects and the network of interpersonal influences is learning step by step. The model entails the formation of a structure of the relational influence that leads, after a period of active latency, to an endogenous bifurcation in the aggregate dynamics of the individual opinions.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 99a50.
Length: 22 pages
Date of creation: 1999
Date of revision:
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Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
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SOCIETY ; LEARNING ; CONSUMPTION;
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