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来源类型Working Paper
规范类型报告
DOI10.3386/w5870
来源IDWorking Paper 5870
Learning, Complementarities, and Asynchronous Use of Technology
Boyan Jovanovic; Dmitriy Stolyarov
发表日期1997
出版年1997
语种英语
摘要This paper deals with processes that require several complementary inputs subject to improvements in quality. If after a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general it will pay to purchase the inputs at different dates -- the purchases will be asynchronous. That is so because it is wasteful to tie up funds in the other inputs which will be underutilized until the date learning is over. We provide evidence that technology has been used asynchronously in the automobile industry, in the television broadcasting industry, in electricity supply, and in railways, and we argue that our model helps explain this evidence.
主题Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w5870
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563364
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GB/T 7714
Boyan Jovanovic,Dmitriy Stolyarov. Learning, Complementarities, and Asynchronous Use of Technology. 1997.
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