Innovation Adoption by Forward-Looking Social Learners
Innovation Adoption by Forward-Looking Social Learners
复制标题
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
中科院分区:
文献类型:
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作者:
Mira Frick;Y. Ishii
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:
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作者:
N. Klein;Sven Rady
通讯作者:
N. Klein;Sven Rady