IDEAS home Printed from https://ideas.repec.org/a/eee/deveco/v38y1992i1p245-253.html
   My bibliography  Save this article

Technology adoption under price uncertainty

Author

Listed:
  • Kim, Tae-Kyun
  • Hayes, Dermot J.
  • Hallam, Arne

Abstract

The paper examines the impact of changes in the variance of output prices on the bias and intrafirm rate of diffusion of technical change. The results indicate that a reduction in the variance of output prices will increase the rate of adoption and intrafirm speed of diffusion of yield-increasing technologies. The opposite is true for cost-reducing technologies.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Kim, Tae-Kyun & Hayes, Dermot J. & Hallam, Arne, 1992. "Technology adoption under price uncertainty," Journal of Development Economics, Elsevier, vol. 38(1), pages 245-253, January.
    • Handle: RePEc:eee:deveco:v:38:y:1992:i:1:p:245-253
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0304-3878(92)90029-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Stoneman, P, 1981. "Intra-Firm Diffusion, Bayesian Learning and Profitability," Economic Journal, Royal Economic Society, vol. 91(362), pages 375-388, June.
    2. Jensen, Richard, 1983. "Innovation adoption and diffusion when there are competing innovations," Journal of Economic Theory, Elsevier, vol. 29(1), pages 161-171, February.
    3. Gershon Feder, 1982. "Adoption of Interrelated Agricultural Innovations: Complementarity and the Impacts of Risk, Scale, and Credit," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 94-101.
    4. L. Dean Hiebert, 1974. "Risk, Learning, and the Adoption of Fertilizer Responsive Seed Varieties," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(4), pages 764-768.
    5. Just, Richard E. & Zilberman, David, 1988. "The effects of agricultural development policies on income distribution and technological change in agriculture," Journal of Development Economics, Elsevier, vol. 28(2), pages 193-216, March.
    6. Edward K. Y. Chen, 1983. "The Diffusion of Technology," Palgrave Macmillan Books, in: Multinational Corporations, Technology and Employment, chapter 4, pages 69-93, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cuong Le Van & Nguyen To The, 2019. "Farmers’ adoption of organic production," Asia-Pacific Journal of Regional Science, Springer, vol. 3(1), pages 33-59, February.
    2. Arouna, Aminou & Michler, Jeffrey D. & Lokossou, Jourdain C., 2021. "Contract farming and rural transformation: Evidence from a field experiment in Benin," Journal of Development Economics, Elsevier, vol. 151(C).
    3. Eric T. Micheels & Hamish R. Gow, 2015. "The Effect of Market Orientation on Learning, Innovativeness, and Performance in Primary Agriculture," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(2), pages 209-233, June.
    4. Ihli, Hanna Julia & Musshoff, Oliver, 2013. "Investment Behavior of Ugandan Smallholder Farmers: An Experimental Analysis," GlobalFood Discussion Papers 154775, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    5. Foster, William E. & Babcock, Bruce A., 1993. "Commodity Policy, Price Incentives, And The Growth In Per-Acre Yields," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(1), pages 1-13, July.
    6. Wouter Zant, 2014. "Do Organic Inputs in African Subsistence Agriculture Raise Productivity? Evidence from Plot Data of Malawi Household Surveys," Tinbergen Institute Discussion Papers 14-114/V, Tinbergen Institute.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Tae-Kyun, 1989. "The factor bias of technical change and technology adoption under uncertainty," ISU General Staff Papers 1989010108000010138, Iowa State University, Department of Economics.
    2. Rui Baptista, 1999. "The Diffusion of Process Innovations: A Selective Review," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(1), pages 107-129.
    3. Haluk Gedikoglu & Sansel Tandogan & Joseph Parcell, 2023. "Neighbor effects on adoption of conservation practices: cases of grass filter systems and injecting manure," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 70(3), pages 723-756, June.
    4. Richard A. Jensen, 2001. "Strategic Intrafirm Innovation Adoption and Diffusion," Southern Economic Journal, John Wiley & Sons, vol. 68(1), pages 120-132, July.
    5. J. G. Smythe, 2002. "Reputation, public information, and physician adoption of an innovation," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 3(2), pages 103-110, June.
    6. Geroski, P. A., 2000. "Models of technology diffusion," Research Policy, Elsevier, vol. 29(4-5), pages 603-625, April.
    7. Marc Baudry & Edouard Civel & Camille Tévenart, 2023. "Land allocation and the adoption of innovative practices in agriculture: a real option modelling of the underlying hidden costs," EconomiX Working Papers 2023-1, University of Paris Nanterre, EconomiX.
    8. Baldwin, John R. & Raffiquzzaman, Mohammed, 1998. "The Determinants of the Adoption Lag for Advanced Manufacturing Technologies," Analytical Studies Branch Research Paper Series 1998117e, Statistics Canada, Analytical Studies Branch.
    9. Baldwin, John R. & Raffiquzzaman, Mohammed, 1998. "Les facteurs determinants des retards en matiere d'adoption des technologies de fabrication de pointe," Direction des études analytiques : documents de recherche 1998117f, Statistics Canada, Direction des études analytiques.
    10. Qiaoni Yang & Ningning Zhang & Qianwen Lu & Xinru Han, 2023. "Family Net Income, Input Factor Prices and Agriculture Services Selection Behavior of Maize Farmers," Agriculture, MDPI, vol. 14(1), pages 1-15, December.
    11. Shidong Wang & Renaud Foucart & Cheng Wan, 2014. "Comeback kids: an evolutionary approach of the long-run innovation process," Papers 1411.2167, arXiv.org, revised Jul 2016.
    12. Bachewe, Fantu N. & Berhane, Guush & Minten, Bart & Taffesse, Alemayehu S., 2018. "Agricultural Transformation in Africa? Assessing the Evidence in Ethiopia," World Development, Elsevier, vol. 105(C), pages 286-298.
    13. Margarita Genius & Christos Pantzios & Vangelis Tzouvelekas, 2003. "Information Acquisition and Adoption of Organic Farming Practices: Evidence from Farm Operations in Crete, Greece," Working Papers 0305, University of Crete, Department of Economics.
    14. Spiro E. Stefanou, 1987. "Technical Change, Uncertainty, and Investment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(1), pages 158-165.
    15. Awudu Abdulai, 2023. "Information acquisition and the adoption of improved crop varieties," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(4), pages 1049-1062, August.
    16. Cuong Le Van & Nguyen To The, 2019. "Farmers’ adoption of organic production," Asia-Pacific Journal of Regional Science, Springer, vol. 3(1), pages 33-59, February.
    17. Gedikoglu, Haluk & McCann, Laura M.J. & Artz, Georgeanne M., 2011. "Off-Farm Employment Effects on Adoption of Nutrient Management Practices," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(2), pages 1-14, August.
    18. Atallah, Shadi S. & Huang, Ju-Chin & Leahy, Jessica & Bennett, Karen, 2020. "Preference Heterogeneity and Neighborhood Effect in Invasive Species Control: The Case of Glossy Buckthorn in New Hampshire and Maine Forests," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304623, Agricultural and Applied Economics Association.
    19. repec:ilo:ilowps:286250 is not listed on IDEAS
    20. Eleonora Bartoloni & Maurizio Baussola, 2016. "Does technological innovation undertaken alone have a real pivotal role? Product and marketing innovation in manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(2), pages 91-113, March.
    21. Alberto Galasso & Mihkel Tombak, 2014. "Switching to Green: The Timing of Socially Responsible Innovation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 23(3), pages 669-691, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:deveco:v:38:y:1992:i:1:p:245-253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/devec .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.