Incomplete Adoption of a Superior Innovation
نویسندگان
چکیده
We consider a model in which an innovating monopolist of a technologically superior intermediate input must sell this product to final output producers. Prior research shows that, with complete information, the monopolist’s optimal strategy will lead to complete adoption of this technologically superior innovation. In this article we show that, when the price of some competitively supplied input used in the final product market is endogenous and is altered by adoption of the innovation, then the optimal pricing strategy of the monopolist may lead to incomplete innovation. Thus, the standard result of complete adoption of the superior technology is partly attributable to the partial equilibrium nature of prior models.
منابع مشابه
Modeling the Drivers of Eco-Innovation Adoption within Iranian Manufacturing Small and Medium-Sized Enterprises
There are various studies on the eco-innovation in the literature, but there is a scarcity of studies on the adoption and diffusion within manufacturing small and medium-size enterprises (SMEs). Drivers to adopt eco-innovations by manufacturing SMEs are required to be understood properly and be analyzed regarding the relationships among them. Hence, the purpose of this study is to identify the ...
متن کاملThe Correlation between Perceived Attributes of Evidence Based Practice and Its Adoption in Baccalaureate Nursing Students Based on Rogers's Diffusion of Innovation
Introduction: Evidence based practice (EBP) is an essential in nursing education. Several factors affect the adoption of education and practice that Rogers's Diffusion of Innovation explains them. This study aimed to investigate the correlation between perceived attributes of EBP and its adoption in baccalaureate nursing students based on Rogers's Diffusion of Innovation. Methods: A this desc...
متن کاملDiffusion of Innovation in Mental Health Policy Adoption: What Should We Ask about the Quality of Policy and the Role of Stakeholders in this Process?; Comment on “Cross-National Diffusion of Mental Health Policy”
In his recent study, Gordon Shen analyses a pertinent question facing the global mental health research and practice community today; that of how and why mental health policy is or is not adopted by national governments. This study identifies becoming a World Health Organization (WHO) member nation, and being in regional proximity to countries which have adopted a mental health policy as suppor...
متن کاملDetermining the Factors Affecting the Acceptance of Social Cataloging Application and Its Adoption Rate based on Rogers' Diffusion of Innovation Theory at Chaharmahal and Bakhtiari Province’s Public Libraries
Purpose: The aim of this study is to determine the rate and the factors affecting the acceptance of social cataloging software by librarians of public libraries in Chaharmahal and Bakhtiari province based on Rogers's theory of diffusion of innovation. Design/methodology/approach: This research is a descriptive applied survey. The statistical population of the study includes all librarians wor...
متن کاملMarketing Innovation and Brand Performance of Superior Pharmaceutical Companies in 2017: A Descriptive Study
Background and Objectives: Lack of attention to marketing innovation for achieving competitive advantage leads to pharmaceutical brands performance decline. In this regard, the purpose of the present research was to determine the relationship between marketing innovation and market performance of pharmaceutical brands. Materials and Methods: In this descriptive study, statistical population in...
متن کامل