Data/hora: 01/06/2024 11:49:05

Provedor de dados: 	31	
País: 	United States	
Título: 	A MICROECONOMIC APPROACH TO INDUCED INNOVATION	
Autores: 	Binswanger,   Hans P.	
Data: 	2002-03-28	
Ano: 	1974	
Palavras-chave: 	Institutional and Behavioral Economics.	
Resumo: 	Invention possibilities are reformulated using research processes which have a cost and different implications for rates and biases of technical change.  In the comparative static model a firm has the choice to build a plant of existing design or to improve it by research.  The firm maximizes present value over the lifetime of the plant.  Research costs and present value of capital and labor costs influence research mix and rate and bias to technical change.  Controversies in the literature of induced innovation are discussed in terms of the model.  A rise in labor costs does not necessarily lead to a more labor saving bias.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	4217

http://purl.umn.edu/14152	
Editor: 	AgEcon Search	
Relação: 	University of Minnesota&gt;Department of Applied Economics&gt;Staff Papers

Staff Paper P74-3	
Formato: 	49

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