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Technological Change And Welfare In An Economy With Distortions

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  • Perrin, Richard K.
  • Fulginiti, Lilyan E.

Abstract

Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated differing by the price effect of the technological change.

Suggested Citation

  • Perrin, Richard K. & Fulginiti, Lilyan E., 1998. "Technological Change And Welfare In An Economy With Distortions," 1998 Annual meeting, August 2-5, Salt Lake City, UT 21013, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:21013
    DOI: 10.22004/ag.econ.21013
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    References listed on IDEAS

    as
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    7. Diewert, W E, 1992. "Exact and Superlative Welfare Change Indicators," Economic Inquiry, Western Economic Association International, vol. 30(4), pages 562-582, October.
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