Information and the speed of innovation adoption

American Journal of Agricultural Economics

Volumn 78, Issue 4, 1996, Pages 1073-1081

  Fischer, A J ^a   Arnold, A J ^a   Gibbs, M ^a  

^a UNIVERSITY OF ADELAIDE   (Australia)

Author keywords

Adoption; Bayesian; Effective information; Innovation; Random effects model

Indexed keywords

ADOPTION RATE; AGRICULTURAL ECONOMICS; BAYESIAN ANALYSIS; RANDOM-EFFECTS MODEL; SIMULATION MODEL; WHEAT VARIETY;

AUSTRALIA;

EID: 0030318093     PISSN: 00029092     EISSN: None     Source Type: Journal    
DOI: 10.2307/1243863     Document Type: Article

References (23)

1. Bhattacharya, S., K. Chatterjee, and L. Samuelson. "Sequential Research and the Adoption of Innovations." Oxford Econ. Pap. 38(November 1986 Supplement):219-43.
2. Chatterjee, R., and J. Eliashberg. "The Innovation Diffusion Process in a Heterogeneous Population: A Micromodelling Approach." Working paper, Marketing Department, Krannert Graduate School of Management, Purdue University, 1989.
3. DeGroot, M.H. Optimal Statistical Decisions. New York: McGraw-Hill, 1970.
4. Ellison, G., and D. Fudenberg. "Rules of Thumb for Social Learning." J. Polit. Econ. 101 (August 1993):612-43.
5. Feder, G., and G.T. O'Mara. "On Information and Innovation Diffusion: A Bayesian Approach." Amer. J. Agr. Econ. 64(February 1982): 145-47.
6. Jensen, R. "Adoption and Diffusion of an Innovation of Uncertain Profitability." J. Econ. Theory 27(June 1982): 182-93.
7. _. "Innovation Adoption and Diffusion Where There Are Competing Innovations." J. Econ. Theory 29(February 1983):161-71.
8. _. "Adoption of an Innovation of Uncertain Profitability with Costly Information." Working Paper Series 84-8, Iowa State University, 1984.
9. Lattin, J.H., and J.H. Roberts. "Modelling the Role of Risk-Adjusted Utility in the Diffusion of Innovations." Working Paper 1019, Graduate School of Business, Stanford University, 1989.
10. Lindner, R.K., A.J. Fischer, and P.G. Pardey. "The Time to Adoption." Econ. Letters 2(1979): 187-90.
11. McCardle, K.P. "Information Acquisition and the Adoption of New Technology." Manage. Sci. 31(November 1985): 1372-89.
12. Mahajan, V., E. Muller, and F.M. Bass. "New Product Diffusion Models in Marketing: A Review and Directions for Research." J. Mktg. 54(January 1990): 1-26.
13. Mood, A.M., F.A. Graybill, and D.E. Boes. Introduction to the Theory of Statistics, 3rd ed. New York: McGraw Hill, 1974.
14. Neter, J., W. Wasserman, and M.H. Kutner. Applied Linear Statistical Models, 2nd ed. Homewood IL: Irwin, 1985.
15. O'Mara, G.T. A Decision-Theoretic View of the Microeconomics of Technique Diffusion in a Developing Country. PhD thesis, Stanford University, 1971.
16. _. "The Microeconomics of Technique Adoption by Smallholding Mexican Farmers." The Book of CHAC: Programming Studies for Mexican Agriculture. R.D. Norton and L. Solis, eds. Baltimore MD: Johns Hopkins University Press, 1981.
17. Oren, S.S., and R.G. Schwartz. "Diffusion of New Products in Risk-Sensitive Markets." J. Forecasting 7(October-December 1988):273-87.
18. Raiffa, H., and R. Schlaifer. Applied Statistical Decision Theory. Boston: Harvard University, Graduate School of Business Administration, 1961.
19. Snedecor, G.W., and W.O. Cochran. Statistical Methods, 6th ed. Ames IA: Iowa State University Press, 1969.
20. Stoneman, P.A. "Intra-firm Diffusion, Bayesian Learning and Profitability." Econ. J. 91(June 1981):375-88.
21. _. "The Rate of Imitation, Learning and Profitability." Econ. Letters 6(1980): 179-83.
22. Tonks, I. "Bayesian Learning and the Optimal Investment Decision of the Firm." Econ. J. 93(December 1983 Supplement):87-98.
23. Tsur, Y., M. Sternberg, and E. Hockman. "Dynamic Modelling of Innovation Process Adoption with Risk Aversion and Learning." Oxford Econ. Pap. 42(April 1990):336-55.