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Yusuke Ono
''Technology adoption in a community of heterogeneous education level: Who are your good neighbors?''
( 2006, Vol. 15 No.8 )
This paper examines the role of education in technology adoption in a multi-agent finite-time dynamic game setting. It is assumed that education decreases prior variance on the best action in using a new technology in the target-input Bayesian model, experience accumulates in a community (social learning information spillover), and the experience, however, is not transferrable from one technology to another. The paper shows that, depending on the schooling distribution, the equilibrium s different dynamic patterns of technology adoption.
Keywords: choice of technology
JEL: O3 - Technological Change; Research and Development: General
I2 - Education: General
Manuscript Received : Sep 06 2006 Manuscript Accepted : Sep 06 2006

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