A DYNAMIC DECISION-THEORETIC MODEL OF TECHNOLOGY ADOPTION FOR THE COMPETITIVE FIRM

Authors
KALAITZANDONAKES NG BOGGESS WG
Citation
Ng. Kalaitzandonakes et Wg. Boggess, A DYNAMIC DECISION-THEORETIC MODEL OF TECHNOLOGY ADOPTION FOR THE COMPETITIVE FIRM, Technological forecasting & social change, 44(1), 1993, pp. 17-25
Citations number
11
Categorie Soggetti
Business,"Planning & Development
Journal title
Technological forecasting & social change → ACNP
ISSN journal
00401625
Volume
44
Issue
1
Year of publication
1993
Pages
17 - 25
Database
ISI
SICI code
0040-1625(1993)44:1<17:ADDMOT>2.0.ZU;2-1
Abstract
In this article, the technology adoption problem of the competitive fi rm is revisited. The firm is assumed to allocate a quasi fixed factor between a traditional and a new technology. In the presence of costs o f adjustment and learning, the adoption problem is formulated as an op timal control problem.