Human Capital, Information, and the Early Adoption of New Technology
研究教育、经验和信息获取如何影响生产者成为新技术早期采用者的决策，发现人力资本和信息能降低采用成本与不确定性，提高早期采用概率，且企业规模影响采用行为。
When producers are uncertain or have imperfect information about the profitability of adopting new technology, their adoption behavior depends on the endowment of human capital and the investment in adoption information. This study analyzes the role of education, experience, and information acquisition in the decision to be an early adopter. The findings support the hypothesis that adoption decision-making is a human capital intensive activity. The econometric evidence presented suggests that education and information reduce adoption costs and uncertainty, and thereby raise the probability of early adoption. Adoption behavior is also shown to vary significantly across firm size.