Technological Change And Welfare In An Economy With Distortions
AbstractTraditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated differing by the price effect of the technological change.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number 21013.
Date of creation: 1998
Date of revision:
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Demand and Price Analysis; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods;
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