THE IMPACT OF TECHNOLOGICAL CHANGE ON A COMPETITIVE INDUSTRY

Richard Perrin

Journal of Agricultural and Resource Economics, 1997, vol. 22, issue 2, 11

Abstract: This study analytically evaluates the impact of technological change on output and input markets in a competitive industry of identical firms. Firm-level technology and technological change are represented parametrically as local approximations to unknown functional forms. The comparative statics analysis solved for changes in equilibrium market prices and quantities as functions of parameters that characterized technological change. The technology-induced shift-weighted induced change input prices. The model provides a consistent and systematic framework for evaluating the impact of technological change, either ex ante or ex post.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:30850

DOI: 10.22004/ag.econ.30850

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