The Implications of Regulation for Induced Technical Change: Reply
This note clarifies the role of regulation for induced technical change. Rate base regulation will affect the firm's innovational choices and may serve to reinforce static misallocation effects. However, the actual pattern induced in the presence of regulation must be considered an empirical question.
Year of publication: |
1975
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Authors: | Smith, V. Kerry |
Published in: |
Bell Journal of Economics. - The RAND Corporation, ISSN 0361-915X. - Vol. 6.1975, 2, p. 706-707
|
Publisher: |
The RAND Corporation |
Saved in:
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