Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/37222
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Klepper, Mathis | en |
dc.date.accessioned | 2010-08-11T08:53:33Z | - |
dc.date.available | 2010-08-11T08:53:33Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/37222 | - |
dc.description.abstract | This paper investigates technology adoption of a single firm in a continuous time model with an infinite planning horizon and an infinite number of investment opportunities. Technological progress is exogenous and modeled either by a poisson process or a geometric poisson process. For both processes, we characterize the optimal investment strategies. In the case of a poisson process we show that a cyclical investment pattern, that is adopting every m-th technology is optimal. If technological progress is modeled as a geometric poisson process, we argue that the number of technologies not adopted between two adoptions decreases with time, until finally each new technology will be adopted. | en |
dc.language.iso | eng | en |
dc.publisher | |aVerein für Socialpolitik |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Dynamic Models of Investment |xD8-V1 | en |
dc.subject.jel | D81 | en |
dc.subject.jel | D92 | en |
dc.subject.jel | O33 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Technology adoption | en |
dc.subject.keyword | Technological uncertainty | en |
dc.subject.keyword | Investment irreversebility | en |
dc.subject.keyword | Optimal timing | en |
dc.title | A simple model of investment with an infinite number of technologies | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 655933069 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.