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Many technology adoption decisions are made under uncertainty about the costs or benefits of subsequent investments in the technology after the initial take-up. As new information is realized, agents may prefer to abandon a technology that appeared profitable at the time of take-up. Low rates of...
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Many technology adoption decisions are made under uncertainty about the costs or benefits of subsequent investments in the technology after the initial take-up. As new information is realized, agents may prefer to abandon a technology that appeared profitable at the time of take-up. Low rates of...
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-studied phenomenon. However, people might already adjust their labour supply when their partner is at risk of losing his/her job. Using … household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …, while the high-educated wait for this risk to materialise. …
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