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research article

Spatio-Temporal Patterns for a Generalized Innovation Diffusion Model

Hashemi, Fariba  
•
Hongler, Max-Olivier  
•
Gallay, Olivier  
2012
Theoretical Economic Letters

We construct a model of innovation diffusion that incorporates a spatial component into a classical imitation-innovation dynamics first introduced by F. Bass. Relevant for situations where the imitation process explicitly depends on the spatial proximity between agents, the resulting nonlinear field dynamics is exactly solvable. As expected for nonlinear collective dynamics, the imitation mechanism generates spatio-temporal patterns, possessing here the remarkable feature that they can be explicitly and analytically discussed. The simplicity of the model, its intimate connection with the original Bass’ modeling framework and the exact transient solutions offer a rather unique theoretical stylized framework to describe how innovation jointly develops in space and time.

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Type
research article
DOI
10.4236/tel.2012.21001
Author(s)
Hashemi, Fariba  
Hongler, Max-Olivier  
Gallay, Olivier  
Date Issued

2012

Published in
Theoretical Economic Letters
Volume

2

Issue

1

Article Number

17347

Subjects

Diffusion of Innovation

•

Bass’ Model

•

Interactive Multi-Agent Systems

•

Local Interactions

•

Imitation Processes

•

Stochastic Dynamics

•

Alternating Renewal Processes

•

Mean-Field Dynamics

•

Discrete Velocity Collisions Models

•

Nonlinear Field Equations

•

Exact Transient Evolutions

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
LPM  
Available on Infoscience
November 26, 2012
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/87095
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