Joint Adoption Of Multiple Technologies: A Dual, Latent Demand Approach
AbstractLatent demand models can be used to overcome computational difficulties that frequently hamper empirical evaluation of relatedness in the adoption of multiple technologies. This paper develops and applies such an approach to a case involving agricultural soil and water conservation. The results indicate both complementarity and substitution. Own-price elasticities of demand for all technologies and cross-price elasticities of demand for related technologies are substantial. The results are used to derive implications for the design and implementation of cost sharing programs, which have been one of the primary policies used to address nonpoint source agricultural water pollution problems.
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Bibliographic InfoPaper provided by University of Maryland, Department of Agricultural and Resource Economics in its series Working Papers with number 28566.
Date of creation: 2000
Date of revision:
Demand and Price Analysis; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies; O3; Q1; Q2;
Find related papers by JEL classification:
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
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