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The Timing of New Technology Adoption: The Case of MRI

Philipp Schmidt‐Dengler

RAND Journal of Economics2025https://doi.org/10.1111/1756-2171.70022preprint
AJG 4ABDC A*
Weight
0.71

Abstract

This paper studies the adoption of nuclear magnetic resonance imaging (MRI) by US hospitals. I consider a timing game of new technology adoption. The dynamic game takes timing decisions and strategic interaction into account. Using a panel data set of US hospitals, cross sectional variation in adoption times, market structure and demand is exploited to recover the profit and cost parameters. In counterfactuals, I quantify to what extent the timing of adoption is caused by a preemptive motive. I find a small but significant effect of preemptive motives, which are weakened by firm asymmetry.

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https://doi.org/https://doi.org/10.1111/1756-2171.70022

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@article{philipp2025,
  title        = {{The Timing of New Technology Adoption: The Case of MRI}},
  author       = {Philipp Schmidt‐Dengler},
  journal      = {RAND Journal of Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/1756-2171.70022},
}

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Evidence weight

0.71

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact1.00 × 0.4 = 0.40
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.