The Timing of New Technology Adoption: Theoretical Models and Empirical Evidence

Heidrun Hoppe-Wewetzer

Manchester School, 2002, vol. 70, issue 1, 56-76

Abstract: This paper surveys the theoretical literature on the timing of new technology adoption. It presents the state of the art as it falls into two major categories, depending on whether the particular model deals with uncertainty regarding the arrival and value of a new technology and/or strategic interaction in the product market. Empirical evidence is reviewed, and recommendations are given for future research.

Date: 2002
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