Self-Restraining Bass Models

Self-Restraining Bass Models

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Article ID: iaor201526536
Volume: 34
Issue: 6
Start Page Number: 472
End Page Number: 477
Publication Date: Sep 2015
Journal: Journal of Forecasting
Authors: , ,
Keywords: diffusion models, Bass Diffusion Model
Abstract:

We extend the classic Bass diffusion model to address the case in which existing adopters could depress the growth of adoption, i.e. the diffusion process is self‐restraining. Two modified Bass models are proposed according to whether the negative depressive effect is exerted on potential adopters or existing adopters. We then characterize the diffusion paths for several generalizations.

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