Showing 1 - 10 of 2,679
We build a model studying the effect of an economy's potential for social learning on the adoption of innovations of … qualitative and quantitative features of the learning environment affect equilibrium adoption dynamics, welfare, and the speed of … learning. Based on this, we show how differences in the learning environment translate into observable differences in adoption …
Persistent link: https://www.econbiz.de/10015135353
We examine the nature of contracts that optimally reward innovations in a risky environment, when the innovator is privately informed about the quality of her innovation and must engage an agent to develop it. We model the innovator as a principal who has private but imperfect information about...
Persistent link: https://www.econbiz.de/10012932065
We develop a framework in which: (i) a firm can have a new product tested publicly before launch; and (ii) tests vary in toughness, holding expertise fixed. Price flexibility boosts the strong positive impact on consumer beliefs of passing a tough test and mitigates the strong negative impact of...
Persistent link: https://www.econbiz.de/10013039455
the subjects delayed adoption beyond the time indicated by equilibrium behavior -- confirming the behavioral anomaly found …
Persistent link: https://www.econbiz.de/10012964645
the subjects delayed adoption beyond the time indicated by equilibrium behavior-confirming the behavioral anomaly found …
Persistent link: https://www.econbiz.de/10012246456
the subjects delayed adoption beyond the time indicated by equilibrium behavior -- confirming the behavioral anomaly found …
Persistent link: https://www.econbiz.de/10012570602
Persistent link: https://www.econbiz.de/10010490243
We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … endogenously, but the number of cycles is finite almost surely, and radical innovation terminates in finite time. We identify a … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …
Persistent link: https://www.econbiz.de/10009487824
We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … endogenously, but the number of cycles is finite almost surely, and radical innovation terminates in finite time. We identify a … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …
Persistent link: https://www.econbiz.de/10009488894
learning activities to generate successful products. Yet prior NPD research has largely taken a positivistic view of learning … despite an inkling that too much learning can lead to dysfunction. This study attempts to contribute the NPD literature by … analyzing whether and, if so, when technological learning engenders shortcomings and affects new product commercialization. We …
Persistent link: https://www.econbiz.de/10010479365