Technology adoption in a community of heterogeneous education level: Who are your good neighbors?
AbstractThis paper examines the role of education in technology adoption in a multi-agent finite-time dynamic game setting. It is assumed that education decreases prior variance on the best action in using a new technology in the target-input Bayesian model, experience accumulates in a community (social learning information spillover), and the experience, however, is not transferrable from one technology to another. The paper shows that, depending on the schooling distribution, the equilibrium s different dynamic patterns of technology adoption.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 15 (2006)
Issue (Month): 8 ()
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choice of technology;
Find related papers by JEL classification:
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- I2 - Health, Education, and Welfare - - Education
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