The time to adoption

R. Lindner, A. Fischer, P. Pardey

Research output: Contribution to journalArticlepeer-review

37 Scopus citations


A decision-theoretic model of the decision to adopt a process innovation is developed, and used to derive a simple result for the time lag from a decision maker's first knowledge of the innovation to his first use of it.

Original languageEnglish (US)
Pages (from-to)187-190
Number of pages4
JournalEconomics Letters
Issue number2
StatePublished - 1979

Bibliographical note

Funding Information:
* We are grateful to our colleagues at Adelaide for helpful comments at several stages during the development of the model. The results reported here form part of a larger study on diffusion of agricultural innovations funded by the Rural Credits Development Fund of the Reserve Bank of Australia, and by the Australian Research Grants Committee.

Copyright 2014 Elsevier B.V., All rights reserved.


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