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. Author manuscript; available in PMC: 2018 Nov 13.
Published in final edited form as: J Demogr Economics. 2015 Sep 9;81(3):317–329. doi: 10.1017/dem.2015.9

Table 1.

Parameters of the structural model

Parameter Interpretation Value
φ Consumption weight in utility 0.61
η Curvature in utility 0.69
e Cost of new technology 1.02
q Time cost of old technology 0.18
z Time cost of new technology 0.14
σA Standard deviation of ln (wij) 0.10
σB Standard deviation of ln (wj) 0.41