Technology Adoption, Heterogenous Firms and Distortions

Yi-Chan Tsai and Nan Li

No 1315, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: This paper develops a vintage-technology model, in which firms face idiosyncratic uncertainties in nonconvex technology adoption costs. We derive the generalized (S, s) adoption rule yielding the lumpy technology adoption behavior within an otherwise standard model and compute the stationary plant distribution over different technology vintages. We quantify the effects of economic distortions on the distribution of technologies adopted by heterogenous firms and how the change of this distribution affects growth.

Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:1315

Access Statistics for this paper

More papers in 2011 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().