{"title":"Finding Mr. Schumpeter: technology adoption in the cement industry","authors":"Jeffrey T. Macher, Nathan H. Miller, M. Osborne","doi":"10.1111/1756-2171.12362","DOIUrl":null,"url":null,"abstract":"We examine the adoption of fuel-efficient precalciner kilns in the cement industry using the universe of adoption decisions in the United States over 1973-2013. We find that cement plants are more likely to adopt the technology if fuel costs are high, nearby competitors are few, and local demand conditions are favorable. We relate the findings to the Schumpeterian and induced innovation hypotheses regarding the effects of competition and factor prices. Our results suggest firms may be most responsive to factor prices under advantageous competitive and demand conditions.","PeriodicalId":51342,"journal":{"name":"Rand Journal of Economics","volume":"52 1","pages":"78-99"},"PeriodicalIF":2.8000,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/1756-2171.12362","citationCount":"12","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Rand Journal of Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/1756-2171.12362","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 12
Abstract
We examine the adoption of fuel-efficient precalciner kilns in the cement industry using the universe of adoption decisions in the United States over 1973-2013. We find that cement plants are more likely to adopt the technology if fuel costs are high, nearby competitors are few, and local demand conditions are favorable. We relate the findings to the Schumpeterian and induced innovation hypotheses regarding the effects of competition and factor prices. Our results suggest firms may be most responsive to factor prices under advantageous competitive and demand conditions.
期刊介绍：
The RAND Journal of Economics publishes theoretical and empirical research on industrial organization and closely related topics, including contracts, organizations, law and economics, and regulation. The RAND Journal of Economics, formerly the Bell Journal of Economics, is published quarterly by The RAND Corporation, in conjunction with Blackwell Publishing.
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