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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

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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 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.
    • Handle: RePEc:wrk:warwec:356
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/1989-1994/twerp356.pdf
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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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    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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    Keywords

    Technology Diffusion ; Colour Television;

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