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The Impact Of Technological Change On A Competitive Industry

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  • Perrin, Richard K.

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.

Suggested Citation

  • Perrin, Richard K., 1997. "The Impact Of Technological Change On A Competitive Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    • Handle: RePEc:ags:jlaare:30850
    DOI: 10.22004/ag.econ.30850
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    References listed on IDEAS

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    1. De Figueiredo Silva, Felipe & Fulginiti, Lilyan E. & Perrin, Richard K., 2020. "Climate change, productivity and producer welfare in Great Plains agriculture," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304529, Agricultural and Applied Economics Association.
    2. Azzeddine Azzam & Gibson Nene & Karina Schoengold, 2015. "Hog Industry Structure and the Stringency of Environmental Regulation," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(3), pages 333-358, September.
    3. Lee, Yunkyung, 2020. "Potential economic consequences of gene-edited technology on the U.S. soybean market," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304241, Agricultural and Applied Economics Association.
    4. Lee, Yunkyung, 2021. "Potential market and welfare effects of genetically edited technology in U.S. soybean production," 2021 Annual Meeting, August 1-3, Austin, Texas 314058, Agricultural and Applied Economics Association.
    5. Lee, Yunkyung & Perrin, Richard K. & Fulginiti, Lilyan E., 2022. "Potential Economic Impacts of Gene-edited High-oleic Soybeans," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322392, Agricultural and Applied Economics Association.
    6. Bairagi, Subir & Perrin, Richard & Fulginiti, Lilyan, 2015. "Potential Welfare Effects of Soy-Based Mariculture Feed," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205619, Agricultural and Applied Economics Association.
    7. Konou, Comlanvi Martin, 2011. "Who benefits from the adoption of Bt cotton in Burkina- Faso?," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103920, Agricultural and Applied Economics Association.
    8. Sesmero, Juan P. & Fulginiti, Lilyan E., 2008. "Conservation Needs Assessment: Sustainability with Substitution and Biased Technical Change," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6486, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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