Intergenerational bargaining in technology adoption

0351413 - NHU-C 2011 RIV CZ eng J - Journal Article
Jeong, Byeongju
Intergenerational bargaining in technology adoption.
CERGE-EI Working Paper Series. -, č. 414 (2010), s. 1-61. ISSN 1211-3298
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:MSM0021620846
Keywords : technology adoption * stagnation * economic integration * political fragmentation
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp414.pdf

I study the choice of technology adoption in an environment where human capital is transmitted from the old to the young generation, but the young generation can opt out for a new technology. The adoption and matching decisions are made in a sequential intergenerational bargaining. Since technology adoption benefits future generations who do not participate in the bargaining, there is an inherent bias toward preserving the current technology.
Permanent Link: http://hdl.handle.net/11104/0191172