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- W1547091027 abstract "The paper examines the influence of factor price risk on factor-use efficiency through the adoption of conservation technology. The effect of a mean-preserving increase in factor price risk on optimal input-use efficiency is shown to be conditional on the own-price elasticity of factor use evaluated at the initial equilibrium. The conceptual analysis indicates that that there may be a discrepancy between the aggregate and firm-level effects of price risk on efficiency. Theoretical results are tested and confirmed using a unique data set from the water industry." @default.
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- W1547091027 date "2001-12-01" @default.
- W1547091027 modified "2023-09-27" @default.
- W1547091027 title "Factor Price Risk and the Diffusion of Conservation Technology: Evidence from the Water Industry" @default.
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