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Technology Imports and Decision Criteria of the Schumpeterian Entrepreneur under Uncertainty

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Authors
Choi, YongYil
Issue Date
1989-07
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.2 No.2, pp. 189-207
Keywords
production costscapital and labor marketsRATEGOR
Abstract
While, suprisingly, in discussion of technology trade little attention has been focused on the behavior of the technologyimporter, this paper shows that there can exist different sets of decision criteria for a Schumpeterian entrepreneur who imports foreign technology under uncertainty. A Schumpeterian entrepreneur has four sets of decision criteria: 1) the existence of potential bound for the effective gross output net of royalties; 2) the shape of randomness-indifference locus; 3) the evaluation of the magnitude of boundedness in the effective gross output net of royalties; 4) the market interest rate.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/866
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of Economics (SJE)Seoul Journal of Economics vol.02(2) (Summer 1989)
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