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Title: During the "computer revolution" of the 1980s and 1990s, many firms replaced old ... Post by: Mairoon on Oct 18, 2017 During the "computer revolution" of the 1980s and 1990s, many firms replaced old technology with new technology. What might explain why firms don't change technology as quickly today?
Title: Re: During the "computer revolution" of the 1980s and 1990s, many firms replaced old ... Post by: Tyforumca on Oct 18, 2017 The marginal rate of technical substitution of old technology for new technology was low in the past, but the marginal rate of technical substitution of new technology for newer technology is higher today.
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