Spatio-Temporal Patterns for a Generalized Innovation Diffusion Model

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Serval ID
serval:BIB_59F61A546B1A
Type
Article: article from journal or magazin.
Collection
Publications
Title
Spatio-Temporal Patterns for a Generalized Innovation Diffusion Model
Journal
Theoretical Economics Letters
Author(s)
Hashemi F., Hongler M.-O., Gallay O.
ISSN
2162-2078
2162-2086
Publication state
Published
Issued date
2012
Peer-reviewed
Oui
Volume
2
Number
1
Pages
1-9
Language
english
Abstract
We construct a model of innovation diffusion that incorporates a spatial component into a classical imitation-innovation dynamics first introduced by F. Bass. Relevant for situations where the imitation process explicitly depends on the spatial proximity between agents, the resulting nonlinear field dynamics is exactly solvable. As expected for nonlinear collective dynamics, the imitation mechanism generates spatio-temporal patterns, possessing here the remarkable feature that they can be explicitly and analytically discussed. The simplicity of the model, its intimate connection with the original Bass’ modeling framework and the exact transient solutions offer a rather unique theoretical stylized framework to describe how innovation jointly develops in space and time.
Keywords
Diffusion of Innovation, Bass’ Model, Interactive Multi-Agent Systems, Local Interactions, Imitation Processes, Stochastic Dynamics, Alternating Renewal Processes, Mean-Field Dynamics, Discrete Velocity Collisions Models, Nonlinear Field Equations, Exact Transient Evolutions
Open Access
Yes
Create date
20/03/2017 11:12
Last modification date
20/08/2019 15:13
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