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L’innovation et le modèle du commerce néo-technologique dans l’espace des caractéristiques de Lancaster

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  • Hanel, Petr

    (Université de Sherbrooke)

Abstract

Lancaster's case of innovation in consumption technology is formalized and extended to include beside of the criterion of efficient consumption also the criterion of efficient production. The two criteria has to be met before an invention can be commercialized economically. Trade provoked by an innovation in consumption technology—a new product—is analyzed on a simple numerical example. Necessary conditions and some welfare implications of the neo-technology trade are presented. The approach is sufficiently general to encompass trade based on cost reducing innovation as well as existing trade models as special cases.

Suggested Citation

  • Hanel, Petr, 1979. "L’innovation et le modèle du commerce néo-technologique dans l’espace des caractéristiques de Lancaster," L'Actualité Economique, Société Canadienne de Science Economique, vol. 55(3), pages 342-359, juillet.
    • Handle: RePEc:ris:actuec:v:55:y:1979:i:3:p:342-359
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    References listed on IDEAS

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    1. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    2. James R. Williams, 1977. "Commodity Trade and the Factor Proportions Theorem," Canadian Journal of Economics, Canadian Economics Association, vol. 10(2), pages 282-288, May.
    3. Borkakoti, Jitendralal, 1975. "Some Welfare Implications of the Neo-Technology Hypothesis of the Pattern of International Trade," Oxford Economic Papers, Oxford University Press, vol. 27(3), pages 383-399, November.
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