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- W129997648 abstract "Neo-classical economics assumes rational behaviour of economic subjects. The aim of policy makers is to maximise a broadly defined concept of social welfare, which may include some measure of environmental quality. In this view government intervention is needed when, due to externalities or other reasons for market failure, individual optimising behaviour does not lead to a socially optimal outcome. Therefore, neo-classical economics provides useful insights about the reasons behind technology lock-ins, and whether technological transitions are needed to escape from such lock-ins in order to enhance social welfare in the long run. This paper gives, from the neo-classical perspective, a survey of the state of the art of economic thinking on lock-ins, technological change and the possible role of the government to correct market failures by promoting technological transitions." @default.
- W129997648 created "2016-06-24" @default.
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- W129997648 date "2006-02-20" @default.
- W129997648 modified "2023-10-16" @default.
- W129997648 title "A Neo-Classical Economic View on Technological Transitions" @default.
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- W129997648 doi "https://doi.org/10.1007/1-4020-4418-6_8" @default.
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