Price-Conditional Technology

Lilyan Fulginiti

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Economic theorists for years have considered the possibility that the direction of technical change is altered by changes in relative prices. Prices have also been identified as one of the determinants of technical change through innovation. This paper extends the theory of the firm to cover situations in which the firm's technology set is conditional on expected prices. The basic idea is to distinguish between "market prices," or the prices that guide the firm's choices subject to the technology that is in place, and "normal prices," the prices conditioning the choice of technology. A "generalized" price effect is obtained that includes the traditional price effect as well as the technical change effect of price changes and an example is presented.

Date: 1994-07-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... fe35394b3b7c/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Working Paper: Price-Conditional Technology (2005)
Journal Article: PRICE-CONDITIONAL TECHNOLOGY (1994)
Working Paper: Price-Conditional Technology (1994)
Working Paper: Price-Conditional Technology (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:199407010700001023

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().