The Economics of Technological Diffusion

by Stoneman, Paul

• ISBN13: 9780631219767
• ISBN10: 0631219765
• Edition: 1st
• Format: Hardcover
• Copyright: 2001-10-10
• Publisher: Wiley-Blackwell

Summary

This volume presents the first comprehensive, detailed, and up-to-date overview of the economics of technological diffusion. By organizing past articles under themes and providing introductory chapters for each theme, Stoneman has created a highly accessible and sophisticated volume that goes beyond a textbook. This mix of classical and original material is the most authoritative overview of the literature in each topic. The key topics covered are: bull; bull;theory, empirics, and policy. bull;technology and trade. bull;the theory and practice of technology policy. bull;finance and technological change. bull;R&D and diffusion. bull;measuring both technological change and its impact. bull;game theoretic modelling of technological change. The quality and scope of the contributions ensures that the book uniquely covers all of this field's various dimensions while achieving the necessary depth of analysis. The articles are specifically designed to be both rigorous and accessible. This book is an essential text and reference for those in the fields of the economics of technological diffusion, industrial organization and science, and technology policy. The material is accessible to students, researchers, and those working or setting policy in these fields.

Author Biography

Paul Stoneman is Research Professor and Head of the Technological Innovations Research Unit at Warwick Business School. In addition to his research activities he has also acted as an adviser and consultant to both government and private companies on technology-related issues. He is editor of The Handbook of the Economics of Innovation and Technological Change (Blackwell).

Table of Contents

List of Tables

List of Figures

Preface

Introduction and Empirical Observations Upon the Diffusion Process

By Way of an Introduction and Guide

Empirical Patterns in the Diffusion of Innovations

The Theory of Technological Diffusion

The Intertemporal Demand for Stand-alone Technologies

Risk and Uncertainty

Multiple Technologies, Complementary Inputs, Network Externalities and General Purpose Technologies

The Supply Side

Empirical Analysis of the Diffusion of New Technology

Empirical Analysis: An Overview

Rank, Stock, Order and Epidemic Effects in Diffusion of New Process Technologies: An Empirical Model

The Diffusion of Multiple Process Technologies

Testing Alternative Models of New Product Diffusion

Diffusion Policy

Diffusion Policy: An Introduction

Technology Diffusion and Public Policy

Technological Diffusion Expectations and Welfare

Adoption Subsidies vs. Information Provision as Instruments of Technology Policy

The Role of Regulation, Fiscal Incentives and Changes in Taste in the Diffusion of Unleaded Petrol

Extensions, Applications and Implications

Diffusion Analysis: The Wider Implications

Technology Adoption and Firm Profitability

Employment, Technological Diffusion and Oligopoly

Technological Opportunity, Technological Diffusion and Gross Investment: An Inter Industry Approach

Future Research Agendas

Index

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