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Processor Willingness to Adopt a Crawfish Peeling Machine: An Application of Technology Adoption under Uncertainty

Published online by Cambridge University Press:  26 January 2015

Jeffrey Gillespie  and
Darius Lewis
Jeffrey Gillespie
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge, LA 70803
Darius Lewis
Affiliation:
U.S. Department of Agriculture, National Agricultural Statistics Service, Lansing, MI
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Abstract

Crawfish processors' ex ante adoption rates of three hypothetical crawfish peeling machines are assessed using a polychotomous-choice elicitation format. Adoption rates would likely range from 23% to 70%, depending upon which machine was offered and whether it was purchased or leased. Processors most likely to adopt are determined using ordered probit analysis. Likely adopters would be larger, more diversified processors with greater resources and longer planning horizons.

Keywords

crawfishex antetechnology adoptionpeeling machineD81Q16
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 40 , Issue 1 , April 2007 , pp. 369 - 383
Copyright
Copyright © Southern Agricultural Economics Association 2008

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