| Author: | Cabe, R. |
| Title: | Equilibrium diffusion of technological change through multiple processes |
| Journal: | Technological Forecasting and Social Change
1991 : MAY, VOL. 39:3, p.265-290 |
| Index terms: | TECHNOLOGICAL CHANGE DIFFUSION EQUILIBRIUM ANALYSIS LITERATURE MODELS |
| Language: | eng |
| Abstract: | A synthesis of recent contributions to the literature of equilibrium diffusion of technological change is provided. A difficulty common to all and a proposal to resolve it are described. It is argued that diffusion can be regarded as the result of processes involving changing circumstances in an environment of heterogeneous agents. If diffusion arises from simultaneous operation of multiple processes, the ceteris paribus qualification necessary for theoretical work may be stringent; for empirical work, parameters of individual processes cannot be identified without specifying a multiple-process model. The paper's synthesis of the literature is based on a heuristic multiprocess equilibrium model of the adoption decision. |
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