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Price-Conditional Technology

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Author Info

  • Lilyan E. Fulginiti

    (Iowa State University)

Abstract

This article extends the theory of the firm to cover situations in which the firm's technology set is conditional on expected prices. A 'generalized ' price effect is obtained that includes the traditional price effect as well as the technical change effect of prices. An example is presented.

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File URL: http://128.118.178.162/eps/mic/papers/0503/0503003.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0503003.

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Length: 12 pages
Date of creation: 05 Mar 2005
Date of revision:
Handle: RePEc:wpa:wuwpmi:0503003

Note: Type of Document - pdf; pages: 12. Journal of Agricultural and Resource Economics, 1994, 19(1)161-172
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Web page: http://128.118.178.162

Related research

Keywords: Conditional technology; market prices; normal prices; technical change.;

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  1. Fulginiti, Lilyan E. & Perrin, Richard K., 1992. "Prices and Productivity in Agriculture," Staff General Research Papers 543, Iowa State University, Department of Economics.
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Cited by:
  1. Ludo Peeters & Yves Surry, 2000. "Incorporating Price-Induced Innovation in a Symmetric Generalised McFadden Cost Function with Several Outputs," Journal of Productivity Analysis, Springer, vol. 14(1), pages 53-70, July.
  2. Paris, Quirino & Caputo, Michael R., 1995. "The Rhetoric Of Duality," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(01), July.
  3. Roberto Esposti & Pierpaolo Pierani, 2008. "Price-induced technical progress in Italian agriculture," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 89(4), pages 5-28.

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