How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in … washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in …

from innovation economics and evolutionary consumer theory, we posit that these variables play a different role at distinct …

Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of …

The paper studies the relevance of product heterogeneity for innovation dynamics using an agent-based model. The … vantage point is a short a review on the empirical relevance of capability accumulation for innovation processes and an … insights on product innovation in macroeconomic models, a simple agent-based model, which may later serve as an innovation …

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

ebusiness technology with uncertain quality depending on its innovation and adoption cost and both firms' adoption timing. When … innovation and adoption require large set-up costs, the leader favors quick adoption by the follower. The follower prefers either …