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Learning and Technology Adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10010427566
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Three essays in dynamic economic analysis
Scholz, Sebastian - 2010
Persistent link: https://www.econbiz.de/10003986027
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On backstops and boomerangs : environmental R&D under technological uncertainty
Goeschl, Timo; Perino, Grischa - 2007
The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event … leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that … once. Using and externding recent results from multi-stage optimal control theory, we provide a full characterization of …
Persistent link: https://www.econbiz.de/10003592670
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Investing in biogas: timing, technological choice and the value of flexibility from inputs mix
Di Corato, Luca; Moretto, Michele - 2009
In a continuous-time framework we study the technology and investment choice problem of a continuous co …
Persistent link: https://www.econbiz.de/10003872196
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Experimentation in two-sided markets
Peitz, Martin; Rady, Sven; Trepper, Piers - 2011
present value of its profit stream in a continuous-time infinite-horizon framework by setting participation fees or quantities …
Persistent link: https://www.econbiz.de/10009381848
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Endogenous growth, backstop technology adoption and optimal jumps
Valente, Simone - 2009
We study a two-phase endogenous growth model in which the adoption of a backstop technology (e.g. solar) yields a sustained supply of essential energy inputs previously obtained from exhaustible resources (e.g. oil). Growth is knowledge-driven and the optimal timing of technology switching is...
Persistent link: https://www.econbiz.de/10008732416
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Investment in a Monopoly With Bayesian Learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011
We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …
Persistent link: https://www.econbiz.de/10014068523
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Sooner Rather than Later : Social Networks and Technology Adoption
Chowdhury, Shyamal; Satish, Varun; Sulaiman, Munshi; Sun, Yi - 2021
Using data from a randomised experiment in Kenya, we estimate the causal effect of social networks on technology adoption. In this experiment, farmers were invited to information sessions about the use of Tissue Culture Banana (TCB), an in vitro banana cultivation technology. We find that an...
Persistent link: https://www.econbiz.de/10013230019
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Natural Resources, National Income, and Resource Movement Effect under a Rent-Seeking Monopoly
Muradov, Anar - 2023
In this paper, a new model is developed by referring to the literature on Dutch disease and rent-seeking for explaining how a natural resource boom in the energy sector decreases national income and induces a resource movement effect under a rent-seeking monopoly. In such a model, it is shown...
Persistent link: https://www.econbiz.de/10014263908
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Emission taxes, feed-in subsidies and the investment in a clean technology by a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - 2019
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the same good with a technology that employs a polluting input and a clean technology. The second-best tax and subsidy are calculated solving a two-stage policy game between the...
Persistent link: https://www.econbiz.de/10012028355