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Strategic Technology Adoption under Technological Uncertainty

Dehghani, Mohammad Hossein - 2014

This paper studies technology adoption in a duopoly where the unbiased technological change improves production efficiency. Technological progress is exogenous and modeled as a jump process with a drift. There is always a Markov perfect equilibrium in which the firm with more efficient...

Persistent link: https://www.econbiz.de/10014182833

The Roles of Risk and Ambiguity in Technology Adoption

Barham, Bradford L.; Chavas, Jean-Paul; Fitz, Dylan; … - 2015

We study the impacts of risk and ambiguity aversion on the adoption of new technologies, specifically genetically modified (GM) corn and soy seeds. We conduct experiments measuring risk and ambiguity aversion with Midwestern grain farmers. Risk aversion has little impact on the timing of...

Persistent link: https://www.econbiz.de/10014177001

Policy Uncertainty and Technology Adoption

Dehghani, Mohammad Hossein - 2019

This paper considers technology adoption under both technological and subsidy uncertainties. Uncertainty in subsidies for green technologies is considered as an example. Technological progress is exogenous and modeled as a jump process with a drift. The analytical solution is presented for cases...

Persistent link: https://www.econbiz.de/10014195613

Risky Human Capital Investment, Income Distribution, and Macroeconomic Dynamics

Grossmann, Volker - 2021

This paper demonstrates that the role of the personal income distribution for an economy's process of development fueled by human capital accumulation critically depends on the shape of the saving function. Empirical evidence for the U.S. strongly suggests that the marginal propensity to save is...

Persistent link: https://www.econbiz.de/10013319597

Risky Adoption

Furth, Salim - 2019

Terms of trade volatility has a strong negative effect on growth in developing countries. In this paper, I show that the cross-country variance in productivity growth can be explained by differential rates of technology adoption due to differing terms of trade volatility. Intuitively, high price...

Persistent link: https://www.econbiz.de/10012892386

Wealth distribution in the endogenous growth model with idiosyncratic investment risk

Hiraguchi, Ryōji - 2018

Persistent link: https://www.econbiz.de/10012133374

Do firms hedge human capital?

Brinkmann, Christina - 2024

I study how firms' labor hoarding, driven by their reliance on firm-specific human capital, affects their hedging of other business risks. Leveraging German administrative data on short-time work, combined with matched employer-employee data and firm financial information, I develop a firm-level...

Persistent link: https://www.econbiz.de/10015115099

Changing demand for general skills, technological uncertainty, and economic growth

Tanaka, Masashi - In: The B.E. journal of macroeconomics 20 (2020) 1, pp. 1-25

Persistent link: https://www.econbiz.de/10012170903

Technology forgiveness : why emerging technologies differ in their resilience to institutional instability

Roca, Jaime Bonnín; Vaishnav, Parth; Morgan, M. Granger; … - In: Technological forecasting & social change : an … 166 (2021), pp. 1-19

Persistent link: https://www.econbiz.de/10012692842

Demographic uncertainty and generational consumption risk with endogenous human capital

Emerson, Patrick M.; Knabb, Shawn D. - 2018

attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is … size of each generation. The degree of this attenuation effect will depend on the effectiveness of education spending in … own demographic uncertainty. As a final exercise, we demonstrate that if the tax rate funding education spending varies …

Persistent link: https://www.econbiz.de/10011803190