The Implications of Regulation for Induced Technical Change: Reply
Volume: Volume 6, No. 2
Issue: Autumn 1975
Pages: pp. 706-707
Authors: V. Kerry Smith
Title: The Implications of Regulation for Induced Technical Change: Reply
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.
JEL Classification
Regulation of Public Utilities (6130)
Technological Change Innovation Research and Development: General (6210)