In this paper we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to the...

In this paper we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to the...

In this paper we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to the...

In this paper we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to the...

In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss the possibility of product failures, the set of...

In this paper we provide a generalization of the standard models of the diffusion of a new product. Consumers are heterogeneous and risk averse, and the firm is uncertain about the demand curve: both learn from past observations. The attitude towards risk has important effects with regard to the...

<em>Innovation and performance in the long run: the case of Europe</em> - In this article we present the results of a recent work on the long-term mechanisms of innovation and performance in Europe which contributes to the European innovation scoreboard. Data from different waves of the Community...

In this article we investigate the existing evidence on innovation produced by innovation surveys in developing and emerging countries in Europe, Asia, Africa and Latin America. We review the relevant literature, discuss methodological issues, and analyse the results for the countries with the...

We investigate the optimality of the actual degree of Intellectual Property Rights protection using a methodology derived from Patent Race Literature. We applied the methodology to Colombia, using the available two Innovation Surveys. Our result are consistent with an already optimal existing...

We investigate the optimality of the actual degree of Intellectual Property Rights protection using a methodology derived from Patent Race Literature. We applied the methodology to Colombia, using the available two Innovation Surveys. Our result are consistent with an already optimal existing...