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- W1489501924 abstract "This paper studies the relationships between technical change and welfare under a production quota regime. The conditions for producer impoverishment and quota owner impoverishment under technical change are identified. Whether the relative efficiency of a marketable quota regime is robust to the choice of technologies is also considered, as is the immiserization motive for banning a technology. The paper demonstrates that two or more technologies may exist in equilibrium and that the adoption of a technology may depend on the marketability of quota." @default.
- W1489501924 created "2016-06-24" @default.
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- W1489501924 date "1995-07-01" @default.
- W1489501924 modified "2023-09-27" @default.
- W1489501924 title "Quotas, Alternative Technologies, and Immiserization" @default.
- W1489501924 hasPublicationYear "1995" @default.
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