Optimal timing of technology adoption
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Publication:1129282
DOI10.1016/S0165-1889(97)00097-3zbMATH Open0899.90027OpenAlexW1965020404MaRDI QIDQ1129282FDOQ1129282
Authors: Peter M. Kort, Y. Hossein Farzin, Kuno J. M. Huisman 
Publication date: 13 August 1998
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/s0165-1889(97)00097-3
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Cites Work
- Preemption and Rent Equalization in the Adoption of New Technology
- Technological expectations and adoption of improved technology
- On the Diffusion of New Technology: A Game Theoretic Approach
- Adoption and diffusion of an innovation of uncertain profitability
- Irreversible investment
- Resource Depletion Under Technological Uncertainty
- Timing of Innovations Under Rivalry
Cited In (33)
- When is it better to wait for a new version? Optimal replacement of an emerging technology under uncertainty
- Capital accumulation and embodied technological progress
- The net present value method versus the option value of waiting: A note on Farzin, Huisman and Kort (1998)
- Technological expectations and adoption of improved technology
- Delaying product introduction: a dynamic analysis with endogenous time horizon
- Repeated real options: optimal investment behaviour and a good rule of thumb
- Markov models of policy support for technology transitions
- Search and the introduction of improved technologies
- Timing of investment under technological and revenue-related uncertainties
- Strategic technology switching under risk aversion and uncertainty
- Investments with declining cost following a Lévy process
- A real options based decision support tool for R\&D investment: application to CO\(_2\) recycling technology
- The economic determinants of technology shocks in a real business cycle model
- THE VALUE OF FIGHTING IRREVERSIBLE DEMISE BY SOFTENING THE IRREVERSIBLE COST
- The effects of the market structure on the adoption of evolving technologies
- Production processes with different levels of risk: addressing the replacement option
- Technology adoption in a declining market
- Optimal technology adoption when the arrival rate of new technologies changes
- Endogenous growth model with Bayesian learning and technology selection
- How to escape a declining market: capacity investment or exit?
- When can Itô be not optimal to adopt a new technology? a viability theory solution to a two-stage optimal control problem of new technology adoption
- Hysteresis due to irreversible exit: addressing the option to mothball
- Optimal timing decisions for the introduction of new technologies
- Innovations, improvements, and the optimal adoption of new technologies
- The solution to a differential-difference equation arising in optimal stopping of a jump-diffusion process
- Integrating efforts for product development and market penetration
- Optimal regime switching under risk aversion and uncertainty
- Investment timing decisions in a stochastic duopoly model
- Optimal pattern of technology adoptions under embodiment: a multi-stage optimal control approach
- The timing of technology adoption by a cost-minimizing firm.
- Optimal dynamic product development and launch for a network of customers
- Quasi-analytical solution of an investment problem with decreasing investment cost due to technological innovations
- Technological advancement, learning, and the adoption of new technology.
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