Adjustment Costs, Learning-by-Doing, and Technology Adoption Under Uncertainty
We consider a variety of vintage capital models of a firm?s choice of technology under uncertainty in the presence of adjustment costs and technology-specific learning. Similar models have been studied in a deterministic setting. Part of our objective is to examine the robustness of the implicati...
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| Language: | en_US |
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2002
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| Online Access: | http://hdl.handle.net/1721.1/1574 |