Multiparameter Models of Innovation Diffusion on Complex Networks

Multi-parameter models of innovation diffusion on complex networks

A model, applicable to a range of innovation diffusion applications with a strong peer to peer component, is developed and studied, along with methods for its investigation and analysis. A particular application is to individual households deciding whether to install an energy efficiency measure in their home. The model represents these individuals as nodes on a network, each with a variable re...

Mathematical models for the diffusion of innovation in social networks

Innovation Diffusion Models in Marketing

Many recent books and articles stress that one key to long-term organizational health is a systematic process of new product design, development, and introduction. Innovation is accompanied by costs and risks, both of which can be controlled through a well-conceived program of new product development. A key ingredient in such a program should be the use of sound, explicit models for planning an...

Invention, Diffusion and Linear Models of Innovation

There exist two sequential or linear models of innovation in the literature. One is the " linear model of innovation " as such. The model comes from management and economics, and their concern with studying the origin of inventions. The other model, of which the linear model of innovation is one part or step, is that of innovation as a process of invention followed by diffusion. This " model " ...

Network models of innovation and knowledge diffusion*

* Much of the material in this paper arises from the collaborative work done with Nicolas Jonard, and owes much to him. I also acknowledge the very helpful comments of Muge Ozman and encouraging words of Franco Malerba. Much of modern micro-economics is built from the starting point of the perfectly competitive market. In this model there are an infinite number of agents — buyers and sellers, n...