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The Timing of New Technology Adoption: Theoretical Models and Empirical Evidence
Author(s) -
Hoppe Heidrun C.
Publication year - 2002
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/1467-9957.00283
Subject(s) - economics , empirical evidence , value (mathematics) , product (mathematics) , econometrics , empirical research , management science , computer science , mathematics , philosophy , geometry , epistemology , machine learning , statistics
This paper surveys the theoretical literature on the timing of new technology adoption. It presents the state of the art as it falls into two major categories, depending on whether the particular model deals with uncertainty regarding the arrival and value of a new technology and/or strategic interaction in the product market. Empirical evidence is reviewed, and recommendations are given for future research.