In this paper we analyse the impact of new technology on employment. The paper allows for compensation effects by using a two-sector representation of technology. linking prices to costs and demand to incomes. Technology is diffused slowly rather than immediately. The time path of employment is...

The thrust of this paper is to argus that technological advance is a neglected but important influence on the level of investment expenditure. The importance of changes in technology in the investment decision has recently merited the attention of Hicks (1977) and is of course very much in the...

In this paper we set up a general duration model of technology adoption which incorporates the main factors discussed in the different side theories if diffusion of new process technologies. The model is applied to the data on diffusion of CNC in the UK engineering industry. It is found that...

In this paper we explore the demand for consumer technologies that involve joint inputs in the generation of the service flow. An intertemporal model is used in the analysis. The impact of hardware and software prices on hardware and software demand as well as the impact of changes in the size...