Skip to main content

Innovation Diffusion

  • Reference work entry
  • First Online:
The Palgrave Encyclopedia of Strategic Management
  • 171 Accesses

Abstract

First we offer a definition of innovation diffusion. We then identify the main stylized fact about innovation diffusion. Finally, we review several alternative explanations of the main stylized fact.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 1,099.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 1,699.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Arthur, W.B. 1989. Competing technologies, increasing returns and lock-in by historical events. Economic Journal 99: 116–131.

    Article  Google Scholar 

  • Balcer, Y., and S.A. Lippman. 1984. Technological expectations and adoption of improved technology. Journal of Economic Theory 34: 292–318.

    Article  Google Scholar 

  • Bass, F. 1969. A new product growth model for consumer durables. Management Science 15: 215–227.

    Article  Google Scholar 

  • Colombo, M., and R. Mosconi. 1995. Complementarity and cumulative learning effects in the early diffusion of multiple technologies. Journal of Industrial Economics 43: 13–48.

    Article  Google Scholar 

  • David, P.A. 1966. The mechanisation of reaping in antebellum Midwest. In Industrialisation in two systems: Essays in honour of Alexander Gerschenkron, ed. H. Roskovsky. New York: Wiley.

    Google Scholar 

  • Farrell, J., and G. Saloner. 1985. Standardisation, compatibility and innovation. RAND Journal of Economics 16: 70–83.

    Article  Google Scholar 

  • Griliches, Z. 1957. Hybrid corn: An exploration in the economics of technological change. Econometrica 25: 501–522.

    Article  Google Scholar 

  • Hannan, T., and J. McDowell. 1984. The determinants of technology adoption: The case of the banking firm. RAND Journal of Economics 15: 328–335.

    Article  Google Scholar 

  • Katz, M.L., and C. Shapiro. 1986. Technology adoption in the presence of network externalities. Journal of Political Economy 94: 822–841.

    Article  Google Scholar 

  • Lekvall, P., and C. Wahlbin. 1973. A study of some assumptions underlying innovation diffusion functions. Swedish Journal of Economics 75: 362–377.

    Article  Google Scholar 

  • Mansfield, E. 1961. Technical change and the rate of imitation. Econometrica 29: 741–766.

    Article  Google Scholar 

  • Mansfield, E. 1968. Industrial research and technological innovations. New York: Norton.

    Google Scholar 

  • Metcalfe, J.S. 1994. Competition, Fisher’s principle and increasing returns in the selection process. Journal of Evolutionary Economics 4: 327–346.

    Article  Google Scholar 

  • Reinganum, J. 1981. On the diffusion of new technology: A game theoretic approach. Review of Economic Studies 48: 395–405.

    Article  Google Scholar 

  • Rosenberg, N. 1976. On technological expectations. Economic Journal 86: 523–535.

    Article  Google Scholar 

  • Silverberg, G., G. Dosi, and L. Orsenigo. 1988. Innovation, diversity and diffusion: A self-organisation model. Economic Journal 98: 1032–1054.

    Article  Google Scholar 

  • Stoneman, P. 1981. Intra-firm diffusion, Bayesian learning and profitability. Economic Journal 91: 375–388.

    Article  Google Scholar 

  • Stoneman, P. 2002. The economics of technological diffusion. Oxford: Blackwell.

    Google Scholar 

  • Stoneman, P., and N.J. Ireland. 1983. The role of supply factors in the diffusion of new process technology. Economic Journal 93: 66–78.

    Article  Google Scholar 

  • Thirtle, C., and V. Ruttan. 1987. The role of demand and supply in the generation and diffusion of technical change. London: Harwood Academic Publishers.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Roberto Fontana .

Editor information

Editors and Affiliations

Copyright information

© 2018 Macmillan Publishers Ltd., part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Fontana, R., Malerba, F. (2018). Innovation Diffusion. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_346

Download citation

Publish with us

Policies and ethics