Abstract A new explanation for imperfect technology adoption is proposed. In the model, agents allocate scarce attention rationally between actions and decide whether how to adopt a technology. Introducing constraints information processing gives rise attentional barriers adoption, which affect optimal behavior. The model can explain why individuals (i) fail profitable technologies, (ii) make b...

A key feature of recent work on barriers to technology adoption is the assumption that monopoly rights of insiders are limited by the ability of industry outsiders to enter. This paper endogenizes the decision of a government to provide barriers to technology adoption alone or in combination with barriers to entry of outsiders. Using a political economy model, we find that a government provides...

Information technology adoption is a critical continuing challenge in healthcare. This paper presents a Bayesian learning model to quantify social learning effects on information technology adoption by physicians from a community health system. The model estimates confirm that both self-learning and social learning effects reduce the uncertainty around the perceived value of a new information t...

Agricultural technologies are seen as an important route out of poverty in most of the developing countries. However the rate of adoption of these technologies has remained low in most of these countries. This study aim at shedding some light on the potential factors that influence agricultural technology adoption in developing countries. It does so by reviewing previous studies done on technol...

In this paper, we draw on concepts from the rational expectations hypothesis (REH) and adaptive learning theory to introduce a new rational expectations theory of technology adoption. Although the REH and adaptive learning theory have been applied in many non-technology contexts, this research is among the first that applies rational expectations and adaptive learning theory to issues related t...