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- Title
Discontinuous Adoption Paths with Dynamic Scale Economies.
- Authors
Agliardi, Elettra
- Abstract
The article demonstrates that catastrophes can happen in a simple model of the adoption of innovations with increasing returns to adoption. It also presents a description of the model presented. The occurrence of discontinuities in smoothly evolving systems has come to be recognized as a not unlikely event with catastrophe theory. The focus of the article is on the equilibrium adoption path for two innovations. In the presence of more than one innovation, the decision of adopters is not only when to adopt but also which innovation to adopt.
- Subjects
DISASTERS; TECHNOLOGICAL innovations; CREATIVE ability in technology; HIGH technology; TECHNOLOGY; INDUSTRIAL research
- Publication
Economica, 1995, Vol 62, Issue 248, p541
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554676