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Information Acquisition and Technology Adoption

Canan Ulu, James Smith
2006 2006 Technology Management for the Global Future - PICMET 2006 Conference  

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In this paper, we consider a technology adoption model where the firm is offered a technology whose benefits are uncertain. In each period, the firm can choose to adopt or reject the technology or gather information to reduce the uncertainty about the benefits of the technology. We generalize previous technology adoption models to allow more general distributions on benefits and to allow the benefits of the technology to be changing over time. We characterize the optimal value function and optimal policies in this general setting.
doi:10.1109/picmet.2006.296743 fatcat:cstm7dhdhzdyveotugmv3lmfva
Citation

Canan Ulu, James Smith. "Information Acquisition and Technology Adoption." 2006 Technology Management for the Global Future - PICMET 2006 Conference (2006)