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The Implications of Regulation for Induced Technical Change: Comment

Author

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  • Koji Okuguchi

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.

Suggested Citation

  • Koji Okuguchi, 1975. "The Implications of Regulation for Induced Technical Change: Comment," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 703-705, Autumn.
  • Handle: RePEc:rje:bellje:v:6:y:1975:i:autumn:p:703-705
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    Cited by:

    1. Gerald Granderson, 1999. "The Impact of Regulation on Technical Change," Southern Economic Journal, John Wiley & Sons, vol. 65(4), pages 807-822, April.
    2. Takeshi Yamazaki, 2016. "On the Works of Professor Koji Okuguchi," Springer Series in Game Theory, in: Pierre von Mouche & Federico Quartieri (ed.), Equilibrium Theory for Cournot Oligopolies and Related Games, pages 7-13, Springer.

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