Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25664
Authors: 
Grebel, Thomas
Wilfer, Tom
Year of Publication: 
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

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