The time to adoption

R. Lindner, A. Fischer, P. Pardey

Research output: Contribution to journalArticlepeer-review

37 Scopus citations

Abstract

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
Volume2
Issue number2
DOIs
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:
Copyright 2014 Elsevier B.V., All rights reserved.

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