Rational Expectations, Optimal Control and Information Technology Adoption

• Main Authors: AU, Yoris A., KAUFFMAN, Robert J.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Adaptive learning; adoption; bounded rationality; economic theory; network externalities; optimal control; rational expectations; technology adoption; Computer Sciences; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/2139; http://dx.doi.org/10.1007/s10257-005-0048-8
• Institution: Singapore Management University

The existing economics and IS literature on technology adoption often considers network externalities as one of the main factors that affect adoption decisions. It assumes that potential adopters achieve a certain level of expectations about network externalities when they have to decide whether to...