How do Interpersonal Influence Externalities Affect the Diffusion of Innovations
Why 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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