On the Technology Adoption with the Double Exponential Jump Diffusion Process

  • TEFFAHI Besma
  • Published 2012

Abstract

In this paper, we develop a model where the technological advancement evolves according to a mixed process. These processes are a combination between the geometrical Brownian motion (GBM) and the double exponential jump process. The combination of the arrival rate and the size of new technology (NT) confirms the idea that companies wait and adopt the NT… (More)

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