Technology adoption under price uncertainty

Tae Kyun Kim; Dermot J. Hayes; Arne Hallam

doi:10.1016/0304-3878(92)90029-9

Technology adoption under price uncertainty

Tae Kyun Kim, Dermot J. Hayes, Arne Hallam

Iowa State University

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10 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	245-253
Number of pages	9
Journal	Journal of Development Economics
Volume	38
Issue number	1
DOIs	https://doi.org/10.1016/0304-3878(92)90029-9
State	Published - Jan 1992

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title = "Technology adoption under price uncertainty",

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Technology adoption under price uncertainty

Abstract

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