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individuals are highly influenced by the adoption decision of their peers and innovations are introduced into the markets in two …
Persistent link: https://www.econbiz.de/10010322200
degree of payoff dominance and risk dominance explain players' choices. We finally show that users' adoption behavior induces …
Persistent link: https://www.econbiz.de/10010271146
degree of payoff dominance and risk dominance explain players' choices. We finally show that users' adoption behavior induces …
Persistent link: https://www.econbiz.de/10003915870
degree of payoff dominance and risk dominance explain players' choices. We finally show that users' adoption behavior induces …
Persistent link: https://www.econbiz.de/10013144640
Several trade-based measures of product variety have recently been used implicitly to represent states of technology, promoting long-run growth. In this paper, we define the state of technology as the range of specialised production processes and propose the variety of capital goods available...
Persistent link: https://www.econbiz.de/10010267074
We empirically examine the determinants of adoption of information technology by primary healthcare clinics using a … large and complex market. Our study generates several interesting results related to the adoption and diffusion of Health … Information Technology (HIT), including: (1) the adoption probabilities vary considerably by the specific type of clinic; (2) in …
Persistent link: https://www.econbiz.de/10010288238
Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...
Persistent link: https://www.econbiz.de/10013271092
In this article, we present a new perspective on forecasting technology adoption, focused on the extensive margin of … adoption of multiple digital technologies in multiple countries. We do this by applying a Bayesian hierarchical structure to … to assess and predict both the adoption process and the uncertainty surrounding the data, and is robust to the use of …
Persistent link: https://www.econbiz.de/10013332854
The assumption of homogenous representative agents with perfect rationality is challenged by recent macroeconomic literature. In this paper, we consider an asymmetric information diffusion process from more-informed to less-informed agents in a standard cobweb-type expectation model. Our main...
Persistent link: https://www.econbiz.de/10014073301
-benefit parameter. There are four main insights of our model: (1) A variety of collective adoption behaviors is determined by the … network. (2) Average inclination governs collective adoption behavior. (3) Initial inclinations determine the critical mass of … adoption which ensures the new behavior to prevail. (4) Equilibria and dynamic behavior changes as we change the underlying …
Persistent link: https://www.econbiz.de/10010227321