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dc.contributor.authorSantos-Arteaga FJ
dc.contributor.authorDi Caprio D
dc.contributor.authorTavana M
dc.contributor.authorO'Connor A
dc.date.accessioned2019-11-13T13:48:25Z
dc.date.available2019-11-13T13:48:25Z
dc.date.issued2017
dc.identifier.issn1363-9196
dc.identifier.urihttp://dx.doi.org/10.1142/S1363919617500189
dc.identifier.urihttps://www.worldscientific.com/doi/abs/10.1142/S1363919617500189
dc.identifier.urihttps://bia.unibz.it/handle/10863/11236
dc.description.abstractThe current paper presents a theoretical model where rational decision makers (DMs) observe credible signals regarding the existence of technologically superior products and generate the demand structure determining their evolution within the market. We will illustrate how consumers may stick to an inferior product when market frictions or their own expectations dictate them to do so. This will be the case even if the newcomer firm credibly guarantees an improvement upon the main characteristics of the incumbent product. Indeed, the prevalence of a suboptimal technology can be the result of the correct choice being made at a given point in time. Moreover, we will compute the expected prevalence of a given product in the market when information regarding the existence of a technologically superior product spreads across consumers following different diffusion processes. The consequences derived from the existence of path dependence phenomena will be analysed from a dynamic perspective by explicitly accounting for the emergence of network effects that may take place after firms signal the availability of a technologically superior set of products.en_US
dc.languageEnglish
dc.language.isoenen_US
dc.relation
dc.rights
dc.titleFormalizing the Demand for Technological Innovations: Rational Herds, Market Frictions and Network Effectsen_US
dc.typeArticleen_US
dc.date.updated2019-09-29T03:28:40Z
dc.language.isiEN-GB
dc.journal.titleInternational Journal of Innovation Management
dc.description.fulltextnoneen_US


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