Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158938
Authors: 
Agliardi, Elettra
Year of Publication: 
1990
Series/Report no.: 
Quaderni - Working Paper DSE 95
Abstract: 
In this paper the decision of adopting of new technologies is studied trought a multistage model. It incorporates multiple sequential technological innovations and the possibility of implementing that have already been discovered. It is shown how such decision is effected by the relevant parameters, that is, the cost of adoption, the probability of discovery, the discount factor Moreover, it is studied how the decision about adoption is effected by the presence of a rival.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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