Induced innovation and marginal cost of new technology

Yucan Liu and C. Richard Shumway

Economics Letters, 2009, vol. 105, issue 1, pages 106-109

Abstract: 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.

Keywords: Induced; innovation; Marginal; cost; Nonparametric (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:1:p:106-109

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