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Most previous optimization models on technology adoption assume perfect foresight over the long term. In reality, decision-makers do not have perfect foresight, and the endogenous driving force of technology adoption is uncertain. With a stylized optimization model, this paper explores the...
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This paper develops a stylized (or conceptual) system optimization model to analyze the adoption of an emerging infrastructure associated with uncertain technological learning and spatial reconfigurations. The model first assumes that the emerging infrastructure will be implemented for the...
Persistent link: https://www.econbiz.de/10011209313