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Technological Diffusion with Social Learning

The Journal of Industrial Economics, 1995
This paper attributes the slow diffusion of innovations to an informational externality in the process of their adoption. When a new technology arrives its profitability is uncertain but each firm can learn progressively through observing the adoption experience of other firms.
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Technological Diffusion and Cyclical Growth [PDF]

open access: possible, 2003
The models of technology diffusion originally proposed by Metcalfe (1981), Batten (1987) and Amable (1992) are modified so as to allows for price expectations of adopters and suppliers of an innovation. We show many interesting and somewhat unexpected results, which were not noticed in the preceding models: i) productive technologies with higher ...
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