MARKET EQUILIBRIUM IMPACTS OF AGRICULTURAL TECHNOLOGY ADOPTION

Authors
CASWELL MF SHOEMAKER RA
Citation
Mf. Caswell et Ra. Shoemaker, MARKET EQUILIBRIUM IMPACTS OF AGRICULTURAL TECHNOLOGY ADOPTION, Technological forecasting & social change, 43(3-4), 1993, pp. 321-335
Citations number
11
Categorie Soggetti
Business,"Planning & Development
Journal title
Technological forecasting & social change → ACNP
ISSN journal
00401625
Volume
43
Issue
3-4
Year of publication
1993
Pages
321 - 335
Database
ISI
SICI code
0040-1625(1993)43:3-4<321:MEIOAT>2.0.ZU;2-B
Abstract
This paper presents a model of adoption for a technology which augment s the quality of a fixed, heterogeneous asset. The extent of adoption is derived and it is shown how the level of adoption is influenced by economic parameters. Aggregate conditions are developed to illustrate the indirect equilibrium effects of adoption-induced changes in supply . A numerical example is presented to show the direct and indirect eff ects of output and income policies on output supply, output price, inp ut use, and agricultural sector profitability.