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