Tsur, Yacov; Sternberg, Menachem; Hochman, Eithan - In: Oxford Economic Papers 42 (1990) 2, pp. 336-55
This paper presents a model that incorporates dynamic factors of how firms decide on the adoption of an innovation process. Two factors in particular are considered: learning by using and expectations about future prices of the innovation. The firm's diffusion path is derived from a dynamic...