Induced innovation and marginal cost of new technology

Lacking 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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Year of publication:	2009
Authors:	Liu, Yucan ; Shumway, C. Richard
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 1, p. 106-109
Publisher:	Elsevier
Subject:	Induced innovation Marginal cost Nonparametric

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005023461