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Stochastic Technologies and the Adoption Decision

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  • Hennessy, David A.

Abstract

This paper models stochastic technical change as a stochastic input. Dominance techniques are used to study the technology adoption decision, and the input and mean yield implications of adopting. Both complete change-over and portfolio mix situations are analyzed. The results are compared with the deterministic theory of adoption. Strong conclusions are drawn for DARA producers and two particular classes of yield transformation. Author Keywords: Complete adoption; Input use; Partial adoption; Stochastic yield; Technical change

Suggested Citation

  • Hennessy, David A., 1997. "Stochastic Technologies and the Adoption Decision," Staff General Research Papers Archive 5162, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:5162
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    Cited by:

    1. Bortamuly, Alin Borah & Goswami, Kishor, 2015. "Determinants of the adoption of modern technology in the handloom industry in Assam," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 400-409.
    2. Shively, Gerald E., 2001. "Poverty, consumption risk, and soil conservation," Journal of Development Economics, Elsevier, vol. 65(2), pages 267-290, August.
    3. Tanui, Joseph & Groeneveld, Rolf & Klomp, Jeroen & Mowo, Jeremiahs & Ierland, Ekko C. van, 2013. "Explaining investments in sustainable land management: The role of various income sources in the smallholder farming systems of western Kenya," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161275, African Association of Agricultural Economists (AAAE).
    4. Ruth Hill & Carolina Mejia-Mantilla & Kathryn Vasilaky, 2021. "Is the Price Right? Returns to Input Adoption in Uganda," Working Papers 2105, California Polytechnic State University, Department of Economics.

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