This paper examines how the costs of adopting new technology are different from those of expanding capital stock by … estimate a dynamic factor demand model in which the adjustment costs of computer investment are allowed to depend on both … average 35 cents of adjustment costs, of which 25 cents is due to quantity expansion and 9 cents is due to technology adoption …

so, we examined the costs of the Games over half a century, including both summer and winter Olympics. We looked at the … evolution of final reported costs and compared these to the costs established in the Games bids, submitted to the International … kind, and documented for the first time in a consistent fashion the costs and cost overruns for the Olympic Games, from …

-in-place are reduced. We find that changes in SG&A costs separate between the two cost drivers, and that the explanatory power of … of the single-driver cost behavior model. Similar insights are obtained when we replace SG&A costs with employee … headcount or employee costs as the cost measure of interest. In all cases, we find that the cost inertia term is significantly …