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dc.contributor.authorHohnisch, Martinen
dc.contributor.authorPittnauer, Sabineen
dc.contributor.authorStauffer, Dietrichen
dc.date.accessioned2009-01-29T15:11:21Z-
dc.date.available2009-01-29T15:11:21Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/22954-
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
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x9/2006en
dc.subject.jelL15en
dc.subject.jelC15en
dc.subject.jelO33en
dc.subject.ddc330en
dc.subject.keywordnew-product diffusionen
dc.subject.keywordinnovation adoptionen
dc.subject.keywordspatial stochastic processesen
dc.subject.keywordpercolationen
dc.titleA Percolation-Based Model Explaining Delayed Take-Off in New-Product Diffusion-
dc.typeWorking Paperen
dc.identifier.ppn514470690en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:92006-

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