The Implications of Regulation for Induced Technical Change: Comment

Koji Okuguchi

Bell Journal of Economics, 1975, vol. 6, issue 2, 703-705

Abstract: Using a neoclassical production function with factor augmentation, Smith contends that induced innovation will reinforce both profit and sales maximizing firms' misallocation of resources under the regulatory constraint. We show that Smith's conclusion is not tenable.

Date: 1975
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819752 ... O%3B2-F&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
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:rje:bellje:v:6:y:1975:i:autumn:p:703-705

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().