Dynamics Of Innovation Diffusion With Two Step Decision Process

The paper discusses the dynamics of innovation diffusion among heterogeneous consumers. We assume that customers’ decision making process is divided into two steps: testing the innovation and later potential adopting. Such a model setup is designed to imitate the mobile applications market. An innov...

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Bibliographic Details
Main Authors: Szymczyk Michał, Kamiński Bogumił
Format: Article
Language:English
Published: Sciendo 2014-02-01
Series:Foundations of Computing and Decision Sciences
Subjects:
Online Access:http://www.degruyter.com/view/j/fcds.2014.39.issue-1/fcds-2014-0004/fcds-2014-0004.xml?format=INT