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Title:Diffusion and competition of innovative cardiological technologies PDF Logo
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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