Innovations, improvements, and the optimal adoption of new technologies

DOI10.1016/S0165-1889(03)00112-XzbMATH Open1200.91155OpenAlexW1987343777MaRDI QIDQ953655FDOQ953655

Authors: Ulrich Doraszelski 

Publication date: 6 November 2008

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(03)00112-x

Recommendations

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zbMATH Keywords

optimal timingtechnological uncertaintytechnology adoptioninvestment irreversibilitywaiting option value

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Cites Work

• Optimal timing of technology adoption
• Preemption and Rent Equalization in the Adoption of New Technology
• Title not available (Why is that?)
• 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
• Information Acquisition and the Adoption of New Technology
• On the Diffusion of New Technology: A Game Theoretic Approach
• Adoption and diffusion of an innovation of uncertain profitability
• Projection methods for solving aggregate growth models

Cited In (32)

• Capital accumulation and embodied technological progress
• Technology adoption under costly information processing
• 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
• The Adoption of Multiple Dependent Technologies
• TECHNOLOGY ADOPTION UNDER EMBODIMENT: A TWO-STAGE OPTIMAL CONTROL APPROACH
• Search and the introduction of improved technologies
• A geometric programming approach to profit maximization
• Optimal timing of technology adoption
• Title not available (Why is that?)
• Innovate or imitate? Behavioural technological change
• Timing of investment under technological and revenue-related uncertainties
• Strategic technology adoption taking into account future technological improvements: a real options approach
• The effects of the market structure on the adoption of evolving technologies
• Technology adoption in a declining market
• Optimal technology adoption when the arrival rate of new technologies changes
• Trash it or sell it? A strategic analysis of the market introduction of product innovations
• When to adopt a service innovation: Nash equilibria in a competitive diffusion framework
• Technology adoption with finite horizons
• A computational method for the maximization of long-run and short-run profit
• Technological innovations, economic renovation, and anticipation effects
• 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
• Technology adoption: hysteresis and absence of lock-in
• Title not available (Why is that?)
• Optimal regime switching under risk aversion and uncertainty
• From mind to market: a global, dynamic analysis of R\&D
• Preemption and Rent Equalization in the Adoption of New Technology
• The timing of technology adoption by a cost-minimizing firm.
• Technology adoption with uncertain future costs and quality
• Information Acquisition and the Adoption of New Technology
• Technological advancement, learning, and the adoption of new technology.

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