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 …

the subjects delayed adoption beyond the time indicated by equilibrium behavior -- confirming the behavioral anomaly found …

the subjects delayed adoption beyond the time indicated by equilibrium behavior-confirming the behavioral anomaly found …

the subjects delayed adoption beyond the time indicated by equilibrium behavior -- confirming the behavioral anomaly found …

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 …

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 …

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 …