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In static models of the adoption of new technologies, a firm generally adopts complementary technologies simultaneously. This paper presents a dynamic model in which, taking into account the potential time paths of costs and benefits, it may be more prudent to adopt complementary technologies...
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technology. In this paper, we study the effect of production risk on irrigation technology choice among small-scale farmers in …. Moreover, production risk is often associated with adoption of traditional irrigation, and this risk often undermines a shift …
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