Product prices and technological choice: The case of the international cocoa processing industry
研究了产品特征(尤其是价格)如何影响技术选择,以国际可可加工业为例,分析了发展中国家与发达国家间产品价格关系的变化及其对技术选择的影响。
Economic appraisals have often relied heavily on the factor use and factor price characteristics of process. In this article we treat impact of product characteristics in choice of technology. Product characteristics are specially important in the earlier stages of manufacturing, namely, commodity processing. The study elaborates also on circumstances which lead to the emergence of different and fluctuating relationships between product prices in different countries, respectively, developing and developed, and their implication for the choice of technology in these countries.