Innovation Adoption by Forward-Looking Social Learners

Innovation Adoption by Forward-Looking Social Learners
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具有前瞻性的社交学习者采用创新

DOI:
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发表时间:
2015
期刊:
影响因子:
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通讯作者:
Y. Ishii
Y. Ishii
中科院分区:
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文献类型:
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作者:
Mira Frick;Y. Ishii

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受社交媒体兴起的影响,我们建立了一个模型,研究一个经济体的社会学习潜力对采用质量不确定的创新的影响。假设消费者是前瞻性的(即,认识到等待信息的价值),均衡动态依赖于信息环境的定性和定量特征。我们确定的信息环境,受到饱和效应,即增加社会学习的机会可以减缓采用和学习,并不增加消费者福利。我们还提出了一个新的,纯粹的信息解释不同的常见的采用曲线(S形与凹)。
Motivated by the rise of social media, we build a model studying the effect of an economy’s potential for social learning on the adoption of innovations of uncertain quality. Provided consumers are forward-looking (i.e., recognize the value of waiting for information), equilibrium dynamics depend non-trivially on qualitative and quantitative features of the informational environment. We identify informational environments that are subject to a saturation effect, whereby increased opportunities for social learning can slow down adoption and learning and do not increase consumer welfare. We also suggest a novel, purely informational explanation for different commonly observed adoption curves (S-shaped vs. concave).
DOI: 10.1093/restud/rdq025
发表时间: 2008-10
期刊: Microeconomics: Search; Learning; Information Costs & Specific Knowledge; Expectation & Speculation eJournal
影响因子: --
作者:
N. Klein;Sven Rady
通讯作者: N. Klein;Sven Rady