Scarcity, regulation and endogenous technical progress

DOI10.1016/J.JMATECO.2011.02.002MaRDI QIDQ553529zbMATH OpenOpenAlexFDO

Authors R. Boucekkine, Natali Hritonenko, Yuri Yatsenko

Publication date 27 July 2011

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2011.02.002

zbMATH Keywords

dynamic modelsscarcity of resourcessustainabilityvintage capital

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Review text

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.

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Cites work

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Cited in

(6)

• Technologial change and the dynamics of resource scarcity measures
• Vintage human capital and learning curves
• Scarcity, growth and R\& D
• Technological modernization under resource scarcity
• Optimal investment in heterogeneous capital and technology under restricted natural resource
• Fifty years of mathematical growth theory: classical topics and new trends

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