Uncertainty and the adoption of complementary technologies

Margaret H. Smith

Industrial and Corporate Change, 2005, vol. 14, issue 4, 639-650

Abstract: In static models of the adoption of new technologies, a firm generally adopts complementary technologies simultaneously. This paper presents a dynamic model in which, taking into account the potential time paths of costs and benefits, it may be more prudent to adopt complementary technologies partially or sequentially. Copyright 2005, Oxford University Press.

Date: 2005
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