Learning by Doing and Infant Industry Protection: A Partial Equilibrium Approach.
In this article, researchers S. Clemhout and H.Y. Wan, using a general equilibrium analysis, derived the optimal pricing policy for an open two-sector economy where technological change of the learning-by-doing type occurs. This note contains a much simpler approach to the same general topic of infa...
| Publicado en: | Review of Economic Studies Vol. 43; no. 1; pp. 175 - 179 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / USA
Feb76
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4622892&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4622892 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Feb76 vid: 43 iid: 1 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4622892 10.2307/2296610 ppf: 175 ppct: 4 formats: tig: atl: Learning by Doing and Infant Industry Protection: A Partial Equilibrium Approach. aug: au: Feder, Gershon Schmitz, Andrew affil: University of California, Berkeley. su: Pricing Economic equilibrium Economics Commodity exchanges Economic demand Prices Surplus (Economics) Wan, H. Y. Clemhout, S. sug: subj: Pricing Economic equilibrium Economics Commodity exchanges Economic demand Prices Surplus (Economics) Wan, H. Y. Clemhout, S. ab: In this article, researchers S. Clemhout and H.Y. Wan, using a general equilibrium analysis, derived the optimal pricing policy for an open two-sector economy where technological change of the learning-by-doing type occurs. This note contains a much simpler approach to the same general topic of infant industry protection when a technological change occurs. It shows an interesting result which is that, in the case where only one sector grows, a partial equilibrium analysis based on the classic concepts of consumers' and producers' surplus will bring about the same type of result as does a general equilibrium analysis. One can assume a market for commodity Q, described by a domestic demand function p = a domestic industry cost function C(t) = C[Q(t), &ohgr;(t)], and an external supply (demand) function which is perfectly price elastic at price p*. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1976 holdings: @attributes: islocal: N |
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