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Provedor de dados:  AgEcon
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>Department of Applied Economics>Staff Papers
Staff Paper P74-3
Formato:  49

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