Rank, Stock, Order And Epidemic Effects In The Diffusion Of New Process Technologies : An Empirical Model
AbstractIn this paper we set up a general duration model of technology adoption which incorporates the main factors discussed in the different side theories if 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 the support of the stock and order effects, as characterized by the game theoretic models.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 358.
Length: 35 pages
Date of creation: 1990
Date of revision:
technology diffusion ; survival analysis ; CNC;
Other versions of this item:
- 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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