Technology adoption in a declining market

Market Frictions, Technology Adoption

This paper develops an endogenous growth model with labor market matching and technology adoption. While labor market search and entry frictions lengthen technology diffusion, exogenous technology arrival may creatively destruct jobs in the short run. Such interrelationships give rise to multiple equilibria (global and local indeterminacy) under which a small autonomous technological improvemen...

Market Access and Technology Adoption in the Presence of FDI∗

This paper theoretically investigates whether improved access to the domestic market speeds up new technology adoption by a foreign firm adopts new technology. In our model, foreign firms choose between exporting and foreign direct investment (FDI) to serve the domestic market. In the absence of other foreign firms, a reduction in the fixed cost of FDI promotes and accelerates technology adopti...

a study on rate making and required reserves determination in reinsurance market: a simulation

reinsurance is widely recognized as an important instrument in the capital management of an insurance company as well as its risk management tool. this thesis is intended to determine premium rates for different types of reinsurance policies. also, given the fact that the reinsurance coverage of every company depends upon its reserves, so different types of reserves and the method of their calc...

Market Structure and the Timing of Technology Adoption

The paper shows that in the presence of network externalities, consumers adopt conventional technologies too early; the waiting option for a newly emerging technology is not exercised enough. This problem is aggravated when the new technology is provided by a single producer with market power because any positive value created via waiting by current consumers will be ex post appropriated by the...

Strategic Technology Adoption under Technological Uncertainty