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.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
Record Identifier:
https://ageconsearch.umn.edu/record/270682
Language:
English
Total Pages:
15




 Record created 2018-04-04, last modified 2018-04-04

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