Extant literature on technology adoption and diffusion has generally focused on understanding the adoption and diffusion patterns of new technologies in developed countries (Irwin & Paul, 2003). However, there is a need to understand the influence of economic status on the adoption of technology...

We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes relying on given threshold values for given...