Time-to-build obsolescence and the technological paradox

No 6, Working Papers from Doctoral School of Economics, Sapienza University of Rome

Abstract: The paper focusses on the technological paradox. To analyze the possible temporary negative e ect of an innovation, we make use of a ow representation of production. Our aim is to show that such phenomenon can be justi ed by a simple property of the production process: in real time costs strictly come before proceeds.Moving in the same direction of Amendola (1974), we analyze the obsolescence effect induced by a rise in the interest rate. Furthermore, we analyze the role of capital market stickiness on the timing of the technological paradox and on the distribution of the obsolescence e ect among the different stages of a vertical integrated production system.

Keywords: Technological paradox; technology adoption; time-to-build; obsolescence. (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2010, Revised 2010
New Economics Papers: this item is included in nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Time-to-build, obsolescence and the technological paradox (2012)
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