1st Edition

Regulation, Market Prices, And Process Innovation
The Case Of The Ammonia Industry




ISBN 9780429304286
Published July 16, 2019 by Routledge
262 Pages

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Book Description

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.

Table of Contents

Westview Replica Editions -- Preface -- Introduction -- A Framework for Studying Technical Change in Chemical Process Industries -- A History of Regulation of the Nitrogen Fertilizer Manufacturing Industry -- Ammonia Process Technology -- The Influence of Environmental Regulation on Ammonia Technology -- Application of Production and Innovation Models to Steam Reforming of Natural Gas -- Conclusions and Interpretations -- Appendix: Economic and Technical Data on Ammonia Processes

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Author(s)

Biography

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