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Technology Adoption, Heterogenous Firms and Distortions

Author

Listed:
  • Yi-Chan Tsai

    (University of Tokyo)

  • Nan Li

    (Ohio State University)

Abstract

This paper develops a vintage-technology model, in which firms face idiosyncratic uncertainties in nonconvex technology adoption costs. We derive the generalized (S, s) adoption rule yielding the lumpy technology adoption behavior within an otherwise standard model and compute the stationary plant distribution over different technology vintages. We quantify the effects of economic distortions on the distribution of technologies adopted by heterogenous firms and how the change of this distribution affects growth.

Suggested Citation

  • Yi-Chan Tsai & Nan Li, 2011. "Technology Adoption, Heterogenous Firms and Distortions," 2011 Meeting Papers 1315, Society for Economic Dynamics.
    • Handle: RePEc:red:sed011:1315
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