TECHNOLOGY ADOPTION UNDER PRICE UNCERTAINTY

Tae-Kyun Kim, Dermot Hayes and Arne Hallam ()

No 270682, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The paper examines the impact of changes in the variance of output prices on the bias and intrafirm rate of diffusion of technical change. The results indicate that a reduction in the variance of output prices will increase the rate of adoption and intrafirm speed of diffusion of yield-increasing technologies. The opposite is true for cost-reducing technologies.

Keywords: Demand and Price Analysis; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 1989-07-30
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Related works:
Journal Article: Technology adoption under price uncertainty (1992)
Working Paper: Technology Adoption Under Price Uncertainty (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270682

DOI: 10.22004/ag.econ.270682

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