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Keywords:

  • Q12;
  • Q16;
  • Q18
  • Technology adoption;
  • Automatic milking systems;
  • Risk;
  • Mixed effects modeling

Abstract

Using random effects and mixed effects probit regression techniques, this empirical study investigates factors for technology adoption at the firm level. We account for problems of sequential technology implementation and behavior identification. Results underscore the importance of risks faced by the agents, the effects of network externalities and peer-group learning, and the positive influence of previous firm-specific innovation experiences.