Technology adoption and diffusion with uncertainty in a commons

Benjamin E. Fissel, Ben Gilbert and Jacob LaRiviere

Economics Letters, 2013, vol. 120, issue 2, 297-301

Abstract: We model adoption and diffusion in a commons under uncertainty about a technology’s value. Technological resource stock externalities make technology less valuable with depleted stocks, but transmit information about a new technology’s value, causing faster adoption of high-value technologies.

Keywords: Technology adoption; Diffusion; Commons; Fisheries; Technological change (search for similar items in EconPapers)
JEL-codes: O13 O33 Q22 Q55 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:2:p:297-301

DOI: 10.1016/j.econlet.2013.04.048

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