Title: Regulation, Market Prices, And Process Innovation: The Case Of The Ammonia Industry
Publisher: Routledge 2020-04-28
Publication Date: 2020
Language: English
ISBN 10: 0367285533
ISBN 13: 9780367285531
Binding: Hardcover
Condition: New

About this title

Synopsis

Through the study of innovation in processes for the production of synthetic ammonia, the authors examine the effects of environmental and workplace regulations on business innovation in general. They present a history of ammonia production in the U.S., a survey of government regulation in the industry, and a model of process innovation that combines the economist's production function with the technical and practical concepts of the engineer. Contrary to the widely held view that regulation has an unfortunate impact on business, the authors demonstrate that―at least in one industry―the economic factors of production have a measurable impact on innovation, while regulation does not.

About the Author

Edward Greenberg, Christopher T. Hill, David J. Newburger

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