Diffusion of a durable good innovation: The case of high bypass turbojet engines

John Howard Brown

doi:10.1007/BF01024257

Diffusion of a durable good innovation: The case of high bypass turbojet engines

John Howard Brown

Emeriti, Retired, & In Memoriam (PCOB)

Georgia Southern University

Research output: Contribution to journal › Article › peer-review

Abstract

Jackson and Kaserman (1991) model diffusion of an innovation an investment decision where the time of adoption is motivated by cost-minimization. This paper tests this model, using the adoption by American "major" airlines of jet aircraft embodying high bypass turbojet engine technology. The results support the Jackson-Kaserman model. The effect of aircraft age has the appropriate and significant sign. Likewise, average stage length measuring relative variable cost performance of the old and new technology is appropriately signed.

Original language	English
Pages (from-to)	33-40
Number of pages	8
Journal	Review of Industrial Organization
Volume	10
Issue number	1
DOIs	https://doi.org/10.1007/BF01024257
State	Published - Feb 1995

Keywords

Airlines
diffusion of innovation
innovation
investment

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10.1007/BF01024257

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Diffusion of a durable good innovation: The case of high bypass turbojet engines

Abstract

Keywords

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