Dynamic Innovation Diffusion Modelling

  • Authors:
  • Kazunori Shinohara;Hiroshi Okuda

  • Affiliations:
  • Intelligent Modeling Laboratory (IML), The University of Tokyo, Tokyo, Japan 113-8656;Research into Artifacts, Center for Engineering (RACE), The University of Tokyo, Kashiwa, Chiba, Japan 277-8568

  • Venue:
  • Computational Economics
  • Year:
  • 2010

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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.