Firms reduce the marginal cost of communicating technical knowledge by “formalizing” it in standards, dominant designs or other ways. But this only pays when new technology is sufficiently developed. In a simple model with endogenous communication costs, two equilibria emerge. With...

The article offers the model of investment decision, which allows to understand the microeconomic motivation of the company, when it chooses between the imitation and innovation strategies. Proposed and tested applied method for estimation of the technological frontier, which allows the change...

We use data on imports of computer equipment for a large sample of countries between 1970and 1990 to investigate the determinants of computer-technology adoption. We find strongevidence that computer adoption is associated with higher levels of human capital and withmanufacturing trade openness...