dynamic analysis of the adoption of a new technology: the case of optical scanners

Two proportional hazard models are used to investigate the differing effects of market structure variables on the conditional probability of a firm initially adopting a new technology, optical scanners, as the innovation spreads through the food store industry. During the early stage leading firms w...

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Bibliographic Details
Published in:The review of economics and statistics 1987-02, Vol.69 (1), p.12-17
Main Authors: Levin, S.G, Levin, S.L, Meisel, J.B
Format: Article
Language:English
Subjects:
Acceptance
computer software
Economic models
Economic theory
Emerging technology
Financial market structures
food stores
Grocery stores
Hypotheses
Industrial market
Innovation adoption
Market economies
Market entry
Market share
markets
OCR
Optical scanners
Scanners
scanning
servreq
Statistical analysis
structure
Studies
Technological innovation
Time dependence
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Summary:Two proportional hazard models are used to investigate the differing effects of market structure variables on the conditional probability of a firm initially adopting a new technology, optical scanners, as the innovation spreads through the food store industry. During the early stage leading firms with large average store size who are not members of chains and who operate in less concentrated markets with higher incomes and wage rates tend to adopt scanners sooner. Later on, differences in seller concentration, market share, and size become less important as other firms follow prior adoptions.
ISSN:0034-6535
1530-9142
DOI:10.2307/1937895