Corradi, Valentina; Ianni, Antonella - In: Topics in Macroeconomics 4 (2004) 1, pp. 1119-1119
In this paper we provide a simple locally interactive dynamic model of technology choice and output production. We assume a Cobb-Douglas type production function for two available technologies. The returns to technology 0 are not affected by local spillovers. Technology 1 is more costly, as...