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What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...
Persistent link: https://www.econbiz.de/10005126129
An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines …
Persistent link: https://www.econbiz.de/10005412698