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Acceleration effect of uncertainty on technological diffusion

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  • Oikawa, Koki

Abstract

This paper constructs a model of technology adoption and diffusion under firm-level uncertainty and then demonstrates that greater firm-level uncertainty may give birth to faster diffusion of a new technology.

Suggested Citation

  • Oikawa, Koki, 2008. "Acceleration effect of uncertainty on technological diffusion," Economics Letters, Elsevier, vol. 101(3), pages 234-236, December.
    • Handle: RePEc:eee:ecolet:v:101:y:2008:i:3:p:234-236
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    References listed on IDEAS

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    1. John Y. Campbell & Martin Lettau & Burton G. Malkiel & Yexiao Xu, 2001. "Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk," Journal of Finance, American Finance Association, vol. 56(1), pages 1-43, February.
    2. Jovanovic, Boyan & Nyarko, Yaw, 1996. "Learning by Doing and the Choice of Technology," Econometrica, Econometric Society, vol. 64(6), pages 1299-1310, November.
    3. Bronwyn H. Hall, 2004. "Innovation and Diffusion," NBER Working Papers 10212, National Bureau of Economic Research, Inc.
    4. Diego Comin & Sunil Mulani, 2006. "Diverging Trends in Aggregate and Firm Volatility," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 374-383, May.
    5. Comin, D., 2000. "An Uncertainty-Driven Theory of the Productivity Slowdown: Manufacturing," Working Papers 00-16, C.V. Starr Center for Applied Economics, New York University.
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