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Diffusion and Competition of Innovative Cardiological Technologies
- Autor(in)
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Friedrich-Schiller-Universität Jena. Wirtschaftswissenschaftliche Fakultät
- Erschienen
- 21. November 2007
- Nummer des Discussion-Papers
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2007-091
- Schlagwort(e)
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adoption decisions
competing technologies
diffusion processes
medical equipment
network externalities
social learning
technological change
- Zusammenfsg.
-
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”.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- evolutionary economics
- JEL-Classification for JER
- O33 - Technological Change: Choices and Consequences; Diffusion Processes ; I11 - Analysis of Health Care Markets ; D43 - Oligopoly and Other Forms of Market Imperfection