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The Implications of Regulation for Induced Technical Change: Reply

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  • V. Kerry Smith

Abstract

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.

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  • V. Kerry Smith, 1975. "The Implications of Regulation for Induced Technical Change: Reply," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 706-707, Autumn.
    • Handle: RePEc:rje:bellje:v:6:y:1975:i:autumn:p:706-707
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    Cited by:

    1. Mirucki, Jean, 1980. "Vérification des conditions d'efficacité dans la production chez Bell Canada [Checking the conditions of efficient production in Bell Canada]," MPRA Paper 30147, University Library of Munich, Germany, revised Jun 1980.
    2. Mark Frank, 2003. "An Empirical Analysis of Electricity Regulation on Technical Change in Texas," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 22(4), pages 313-331, June.
    3. Mirucki, Jean, 1980. "Comportement de l'entreprise réglementée: étude de l'hypothèse Averch-Johnson [Behavior of the Regulated Firm: A Study of the Averch-Johnson Hypothesis]," MPRA Paper 27669, University Library of Munich, Germany, revised 1982.
    4. Gerald Granderson, 1999. "The Impact of Regulation on Technical Change," Southern Economic Journal, John Wiley & Sons, vol. 65(4), pages 807-822, April.

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