Abstract
Firms in the LDCs need to adopt and indigenize transferred technology before usage. The adoption costs depend on the state of the infrastructure and on the localized spillover effects generated by a rival firm. In this context, the paper examines the timing of such technological adoption. It shows that strategic decisions regarding time may result in a waiting game where, in equilibrium, the efficient firm prefers to adopt after its less efficient rival, thus delaying the speed of technology transfer. The paper also shows that under certain conditions, technology transfer may not take place within the planning horizon. [01, LI, Fl ]
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
