In this paper, an encompassing model of the diffusion of new process technologies is used to predict the relationship between firm profitability and the adoption of technology. The model is tested on data relating to a sample of firms in the U.K. engineering industry over the period 1983-86. The...

The objective of this paper is to analyze the simultaneous diffusion of multiple process technologies. A theoretical model of the diffusion of a new process technology is developed that takes account of the existence of another new technology that is being simultaneously diffused. The...