Adoption and diffusion of an innovation of uncertain profitability

DOI10.1016/0022-0531(82)90021-7MaRDI QIDQ595485zbMATHOpenAlexWikidataFDO

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

• scientific article; zbMATH DE number 3179159 (Why is no real title available?)
• scientific article; zbMATH DE number 3357742 (Why is no real title available?)
• A note on the strategic adoption of a new technology

Cited in

(21)

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

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