| Home > American Agricultural Economics Association (AAEA) > 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana > TECHNOLOGY ADOPTION UNDER PRICE UNCERTAINTY |
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.
