Adoption and diffusion of an innovation of uncertain profitability

DOI10.1016/0022-0531(82)90021-7zbMATH Open0527.90007OpenAlexW1998725165WikidataQ110648602 ScholiaQ110648602MaRDI QIDQ595485FDOQ595485

Authors: Sumit K. Garg 

Publication date: 1982

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(82)90021-7

zbMATH Keywords

learningoptimal stopping problemdecision-making under uncertaintydecision-theoretic model of individual firm adoption behaviordiffusion curve for an innovationexpected diffusion curveoptimal adoption rule

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Cites Work

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• A note on the strategic adoption of a new technology
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Cited In (21)

• An algorithm of propagation in weighted directed graphs with applications to economics and finance
• Technological expectations and adoption of improved technology
• Adoption of uncertain multi-stage technology projects: a real options approach
• Nash equilibrium search for the best alternative
• The effect of information streams on capital budgeting decisions
• An optimal information acquisition model for competitive advantage in complex multiperspective environments
• Optimal timing of technology adoption
• A model of project evaluation with limited attention
• Model of R&D investment of firms and resulting new skew distribution
• New technology introduction and product rollover strategies
• Endogenous growth model with Bayesian learning and technology selection
• Learning versus habit formation: optimal timing of lockdown for disease containment
• Innovations, improvements, and the optimal adoption of new technologies
• PREVENTION OF CATASTROPHIC FAILURES WITH WEAK FOREWARNING SIGNALS
• Finite Horizon Decision Timing with Partially Observable Poisson Processes
• Technology choice and timing with positive network effects
• Myopia and \(R\& D\)/production complementarities
• On the adoption of innovations with ``network externalities
• Innovation adoption by forward-looking social learners
• Innovation adoption and diffusion when there are competing innovations
• Impacts of water supply uncertainty and storage on efficient irrigation technology adoption

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