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Technology adoption and diffusion with uncertainty in a commons

Author

Listed:
  • Fissel, Benjamin E.
  • Gilbert, Ben
  • LaRiviere, Jacob

Abstract

We model adoption and diffusion in a commons under uncertainty about a technology’s value. Technological resource stock externalities make technology less valuable with depleted stocks, but transmit information about a new technology’s value, causing faster adoption of high-value technologies.

Suggested Citation

  • Fissel, Benjamin E. & Gilbert, Ben & LaRiviere, Jacob, 2013. "Technology adoption and diffusion with uncertainty in a commons," Economics Letters, Elsevier, vol. 120(2), pages 297-301.
    • Handle: RePEc:eee:ecolet:v:120:y:2013:i:2:p:297-301
    DOI: 10.1016/j.econlet.2013.04.048
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    References listed on IDEAS

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    1. Fissel, Benjamin E & Glibert, Ben, 2010. "Exogenous Productivity Shocks and Capital Investment in Common-pool Resources," University of California at San Diego, Economics Working Paper Series qt1qp1g9ts, Department of Economics, UC San Diego.
    2. Sunding, David & Zilberman, David, 2001. "The agricultural innovation process: Research and technology adoption in a changing agricultural sector," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 4, pages 207-261, Elsevier.
    3. Rögnvaldur Hannesson & Kjell G. Salvanes & Dale Squires, 2010. "Technological Change and the Tragedy of the Commons: The Lofoten Fishery over 130 Years," Land Economics, University of Wisconsin Press, vol. 86(4), pages 746-765.
    4. Dale Squires, 1992. "Productivity Measurement in Common Property Resource Industries: An Application to the Pacific Coast Trawl Fishery," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 221-236, Summer.
    5. Dale Squires & Niels Vestergaard, 2013. "Technical Change and The Commons," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1769-1787, December.
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    Cited by:

    1. Squires, Dale & Vestergaard, Niels, 2018. "Rethinking the commons problem: Technical change, knowledge spillovers, and social learning," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 1-25.

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    More about this item

    Keywords

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    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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