TECHNOLOGICAL CHANGE AND WELFARE IN AN ECONOMY WITH DISTORTIONS

Richard Perrin and Lilyan Fulginiti

No 21013, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated differing by the price effect of the technological change.

Keywords: Demand and Price Analysis; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 19
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:21013

DOI: 10.22004/ag.econ.21013

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