Technology adoption under price uncertainty
Kim, T.K.
Technology adoption under price uncertainty - 1992
The paper examines the impact of changes in the variance of output prices on the bias and intrafirm diffusion rate of technological change. The results indicate that a reduction in the variance of output prices will increase the rate of adoption and the intrafirm diffusion speed of yield-increasing technologies. The opposite is true for cost-reducing technologies.
English
0304-3878
https://doi.org/10.1016/0304-3878(92)90029-9
Technology adoption under price uncertainty - 1992
The paper examines the impact of changes in the variance of output prices on the bias and intrafirm diffusion rate of technological change. The results indicate that a reduction in the variance of output prices will increase the rate of adoption and the intrafirm diffusion speed of yield-increasing technologies. The opposite is true for cost-reducing technologies.
English
0304-3878
https://doi.org/10.1016/0304-3878(92)90029-9