Diffusion and competition of innovative cardiological technologies

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".

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Year of publication:	2007
Authors:	Grebel, Thomas ; Wilfer, Tom
Publisher:	Jena : Friedrich Schiller University Jena and Max Planck Institute of Economics
Subject:	Medizintechnisches Gerät \| Innovationsdiffusion \| Innovationswettbewerb \| Network Externalities \| Lernprozess \| Evolutionsökonomik \| technological change \| diffusion processes \| competing technologies \| adoption decisions \| social learning \| medical equipment \| network externalities.

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Series:	Jena Economic Research Papers ; 2007,091
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	55411822X [GVK] hdl:10419/25664 [Handle]
Classification:	O33 - Technological Change: Choices and Consequences; Diffusion Processes ; I11 - Analysis of Health Care Markets ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	EconStor

Persistent link: https://www.econbiz.de/10010263841