Induced innovation and marginal cost of new technology
AbstractLacking data on development and implementation costs for input-saving technologies, we develop a nonparametric procedure to estimate relative differences in marginal technology costs for technical change to be consistent with the induced innovation hypothesis. We apply it to U.S. agriculture.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 105 (2009)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Induced innovation Marginal cost Nonparametric;
Other versions of this item:
- Yucan Liu & C. Richard Shumway, 2008. "Induced Innovation and Marginal Cost of New Technology," Working Papers 2008-6, School of Economic Sciences, Washington State University.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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