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Technology adoption in a community of heterogeneous education level: Who are your good neighbors?

Author

Listed:
  • Yusuke Ono

    (University of Tokyo)

Abstract

This 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.

Suggested Citation

  • Yusuke Ono, 2006. "Technology adoption in a community of heterogeneous education level: Who are your good neighbors?," Economics Bulletin, AccessEcon, vol. 15(8), pages 1-11.
    • Handle: RePEc:ebl:ecbull:eb-06o30002
    as

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    References listed on IDEAS

    as
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    5. Foster, Andrew D & Rosenzweig, Mark R, 1995. "Learning by Doing and Learning from Others: Human Capital and Technical Change in Agriculture," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1176-1209, December.
    6. Bardhan, Pranab & Udry, Christopher, 1999. "Development Microeconomics," OUP Catalogue, Oxford University Press, number 9780198773719.
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    Keywords

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    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • I2 - Health, Education, and Welfare - - Education

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