Adjustment Costs, Learning-by-Doing, and Technology Adoption Under Uncertainty

Adjustment Costs, Learning-by-Doing, and Technology Adoption Under Uncertainty

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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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Bibliographic Details
Main Author: Pavlova, Anna
Language:en_US
Published: 2002
Subjects:
Learning-by-doing
Vintage capital
Technological change
Optimal scrapping
Online Access:http://hdl.handle.net/1721.1/1574
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