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Induced agricultural innovation and environmental quality: the case of groundwater regulation

Induced agricultural innovation and environmental quality: the case of groundwater regulation

Land Economics 63(3): 249-258

The induced innovation hypothesis maintains that technological change substitutes abundant factors for scarce ones. This hypothesis may be extended by arguing that agricultural technology change often affects the quality of factors of production such as groundwater or soil fertility. Yet the market often fails to reflect the scarcity value of environmental quality characteristics.

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Accession: 001615792

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DOI: 10.2307/3146834

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