An exhaustive comparative statics analysis of a general price taking cost-minimizing model of the firm operating under the influence of price-induced technical progress is carried out from a dual vista. The resulting refutable implications are observable and thus amenable to empirical verification, and take on the form of a symmetric and negative semidefinite matrix. Using data from individual cotton gins in California’s San Joaquin Valley, we empirically test the complete set of implications of the price-induced technical progress theory using both classical and Bayesian statistical procedures. We find that the data are fully consistent with the atemporal, cost-minimizing, price-induced microeconomic theory of technical progress. Copyright Springer Science+Business Media, Inc. 2005
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机译：从双重前景出发，对在价格诱导的技术进步的影响下运营的公司的一般价格采取成本最小化模型进行了详尽的比较静态分析。由此产生的可辩驳的含义是可以观察到的，因此可以进行经验验证，并且采用对称且为负的半定矩阵的形式。我们使用来自加利福尼亚圣华金河谷的各个轧花机的数据，使用经典统计方法和贝叶斯统计方法，以经验方式测试了价格诱发的技术进步理论的完整含义。我们发现这些数据与技术进步的时间，成本最小化，价格诱发的微观经济学理论完全一致。版权所有Springer Science + Business Media，Inc. 2005
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