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Title of Journal: Comput Econ

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Abbravation: Computational Economics

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Springer US

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1572-9974

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Dynamic Innovation Diffusion Modelling

Authors: Kazunori Shinohara, Hiroshi Okuda,

Publish Date: 2009/11/07
Volume: 35, Issue:1, Pages: 51-
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Abstract

To analyze the innovation diffusion phenomenon in detail, a spatial innovation diffusion analysis is performed. This approach is based on a macro model, with the diffusion being modeled using an innovation diffusion equation which follows the Haynes model. This equation is discretized by using the finite element method. By determining the innovation and imitation coefficients in proportion to the number of the potential adopters in the main cities, the number of accumulated adopters can be made to follow the characteristic S-curve. We prove the feasibility of the method by comparison with results from literature.


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