Two Essays on Technology Diffusion
This thesis includes two essays. Essay 1 analyzes the diffusion process of a cost-reducing technology innovation within an industry. Two factors generate the diffusion. The first factor is the gently declining production cost with the innovation, which makes technology adoption more profitable for firms with the passage of time. The other factor is the cost of technology adoption, which tends to retard adoption. The model explains multiple stylized facts and important observations in technology diffusion, which include (1) the S-shaped diffusion path, (2) the slowness in diffusion process, (3) permanent rejection of an innovation, (4) unprofitable technology adoption and, (5) the significant difference in diffusion rate across innovations.This thesis includes two essays.
| Title | : | Two Essays on Technology Diffusion |
| Author | : | Qiangbing Chen |
| Publisher | : | - 2006 |
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