Scarcity, regulation and endogenous technical progress (Q553529)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Scarcity, regulation and endogenous technical progress |
scientific article; zbMATH DE number 5933154
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Scarcity, regulation and endogenous technical progress |
scientific article; zbMATH DE number 5933154 |
Statements
Scarcity, regulation and endogenous technical progress (English)
0 references
27 July 2011
0 references
A firm having a vintage capital technology with two complementary factors, capital and resource input subject to quota, is considered. The resource is supposed to be increasingly scarce through an exogenously rising price. The authors study long-term growth regimes of the firm driven by scarcity, and long-term growth regimes driven by quota regulation. The interplay of the two regimes is characterized. An optimal long-term behavior of the firm is proposed.
0 references
dynamic models
0 references
vintage capital
0 references
scarcity of resources
0 references
sustainability
0 references
0 references
0 references
0 references
0 references
0.83403164
0 references
0 references
0.8292747
0 references
0.8242334
0 references
0.8213239
0 references
0.8204827
0 references
0.80954283
0 references
0.8090637
0 references
0.8089242
0 references
