Comin, Diego; Skinner, Jonathan; Staiger, Douglas - National Bureau of Economic Research - 2022
Variation in technology adoption is a key driver of differences in productivity. Previous studies sought to explain … variations in technology adoption by heterogeneity in profitability, costs of adoption, or other factors. Less is known about how … adoption is affected by bias in the perceived skill to implement the technology. We develop a Bayesian framework in which the …