Finding Mr. Schumpeter: technology adoption in the cement industry

• 成果类型: Article
• 署名作者: Macher, Jeffrey T.; Miller, Nathan H.; Osborne, Matthew
• 署名单位: Georgetown University; University of Toronto; University Toronto Mississauga
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.1111/1756-2171.12362
• 发表日期: 2021
• 页码: 78-99
• 关键词: MARKET-STRUCTURE; induced innovation; entry; preemption; diffusion; differentiation; COMPETITION; oligopoly; tests; MODEL

摘要

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.