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http://hdl.handle.net/10419/25664
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| Title: | | Diffusion and competition of innovative cardiological technologies  |
| Authors: | | Grebel, Thomas Wilfer, Tom |
| Issue Date: | | 2007 |
| Series/Report no.: | | Jena economic research papers 2007,091 |
| Abstract: | | The paper aims to investigate the diffusion process of two competing innovative technologies in the health care sector. Novelties in cardiovascular surgery will serve as an example. Using a rather simple modeling approach for the decisions of adopters and suppliers we simulate the evolution of a new market and discuss the effects network externalities and individual learning unfold in different scenarios. Increasing returns to adoption may lead to situations of technological lock in. |
| Subjects: | | technological change diffusion processes competing technologies adoption decisions social learning medical equipment network externalities. |
| JEL: | | O33 I11 D43 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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