New product introduction and market evolution

Hartwick, John

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/67732

Title:

New product introduction and market evolution

Authors:

Hartwick, John

Year of Publication:

2011

Series/Report no.:

Queen's Economics Department Working Paper No. 1280

Publisher:

Queen's University, Department of Economics, Kingston (Ontario)

Abstract:

We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hypothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.

Subjects:

product cycle
successful innovation

JEL:

O31
L19
M39

Document Type:

Working Paper

Appears in Collections:

Queen’s Economics Department Working Paper, Department of Economics (QED), Queen’s University

Datei(en):

Datei

Beschreibung

Größe