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The Economics of Technological Diffusion


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The Economics of Technological Diffusion

Paul Stoneman

ISBN: 978-0-631-21976-7 October 2001 Wiley-Blackwell 328 Pages


This book presents a detailed overview of the economics of technological diffusion in all its various dimensions. Topics covered include:

  • Game-theoretic approaches to the modelling of technological change

  • Finance and technological change

  • Technological change in international trade.
List of Tables.

List of Figures.


Part I: Introduction and Empirical Observations Upon the Diffusion Process.

1. By Way of an Introduction and Guide.

2. Empirical Patterns in the Diffusion of Innovations.

Part II: The Theory of Technological Diffusion.

3. The Intertemporal Demand for Stand-alone Technologies.

4. Risk and Uncertainty.

5. Multiple Technologies, Complementary Inputs, Network Externalities and General Purpose Technologies.

6. The Supply Side.

Part III: Empirical Analysis of the Diffusion of New Technology.

7. Empirical Analysis: An Overview.

8. Rank, Stock, Order and Epidemic Effects in Diffusion of New Process Technologies: An Empirical Model.

9. The Diffusion of Multiple Process Technologies.

10. Testing Alternative Models of New Product Diffusion.

Part IV: Diffusion Policy.

11. Diffusion Policy: An Introduction.

12. Technology Diffusion and Public Policy.

13. Technological Diffusion Expectations and Welfare.

14. Adoption Subsidies vs. Information Provision as Instruments of Technology Policy.

15. The Role of Regulation, Fiscal Incentives and Changes in Taste in the Diffusion of Unleaded Petrol.

Part V: Extensions, Applications and Implications.

16. Diffusion Analysis: The Wider Implications.

17. Technology Adoption and Firm Profitability.

18. Employment, Technological Diffusion and Oligopoly.

19. Technological Opportunity, Technological Diffusion and Gross Investment: An Inter Industry Approach.

20. Future Research Agendas.


  • Empirical patterns of diffusion.

  • The theory of diffusion.

  • Empirical analysis and the testing of diffusion models.

  • Diffusion policy.

  • Extensions, applications, and implications.