Innovations, improvements, and the optimal adoption of new technologies

DOI10.1016/S0165-1889(03)00112-XzbMath1200.91155OpenAlexW1987343777MaRDI QIDQ953655

Ulrich Doraszelski

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1889(03)00112-x

zbMATH Keywords

technology adoptiontechnological uncertaintyoptimal timinginvestment irreversibilitywaiting option value

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Related Items (12)

Optimal technology adoption when the arrival rate of new technologies changes ⋮ A geometric programming approach to profit maximization ⋮ When to adopt a service innovation: Nash equilibria in a competitive diffusion framework ⋮ The effects of the market structure on the adoption of evolving technologies ⋮ A computational method for the maximization of long-run and short-run profit ⋮ Technology adoption in a declining market ⋮ Delaying product introduction: a dynamic analysis with endogenous time horizon ⋮ Technological innovations, economic renovation, and anticipation effects ⋮ Optimal regime switching under risk aversion and uncertainty ⋮ From mind to market: a global, dynamic analysis of R\&D ⋮ Timing of investment under technological and revenue-related uncertainties ⋮ TRASH IT OR SELL IT? A STRATEGIC ANALYSIS OF THE MARKET INTRODUCTION OF PRODUCT INNOVATIONS

Cites Work

• Unnamed Item
• Adoption and diffusion of an innovation of uncertain profitability
• Technological expectations and adoption of improved technology
• Optimal timing of technology adoption
• Projection methods for solving aggregate growth models
• Preemption and Rent Equalization in the Adoption of New Technology
• Information Acquisition and the Adoption of New Technology
• On the Diffusion of New Technology: A Game Theoretic Approach
• The net present value method versus the option value of waiting: A note on Farzin, Huisman and Kort (1998)

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