TECHNOLOGICAL CHANGE AND WELFARE IN AN ECONOMY WITH DISTORTIONS

Traditional 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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Year of publication:	1998
Authors:	Perrin, Richard K. ; Fulginiti, Lilyan E.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Demand and Price Analysis \| Research and Development/Tech Change/Emerging Technologies \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	1998 Annual meeting, August 2-5, Salt Lake City, UT.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1998 Annual meeting, August 2-5, Salt Lake City, UT Number 21013
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005501153