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dc.contributor.authorHohnisch, Martinen_US
dc.contributor.authorPittnauer, Sabineen_US
dc.contributor.authorStauffer, Dietrichen_US
dc.description.abstractA model of new-product diffusion is proposed in which a site-percolation dynamics represents socially-driven diffusion of knowledge about the product?s characteristics in a population of potential buyers. A consumer buys the new product if her valuation of it is not below the price of the product announced by the firm in a given period. Our model attributes the empirical finding of a delayed ?take-off? of a new product to a drift of the percolation dynamics from a non-percolating regime to a percolating regime. This drift is caused by learning-effects lowering the price of the product, or by network-effects increasing its valuation by consumers, with an increasing number of buyers.en_US
dc.relation.ispartofseriesBonn econ discussion papers 2006,9en_US
dc.subject.keywordnew-product diffusionen_US
dc.subject.keywordinnovation adoptionen_US
dc.subject.keywordspatial stochastic processesen_US
dc.titleA Percolation-Based Model Explaining Delayed Take-Off in New-Product Diffusionen_US
dc.typeWorking Paperen_US
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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