Search Results - subject:"technological constraints"

The Sledge on the Slope or: Energy in the Economy, and the Paradox of Theory and Policy

Kümmel, Reiner; Lindenberger, Dietmar - 2013

by the standard maximization of profit or time-integrated utility, if one takes technological constraints on capital … technological constraints, observing “soft” constraints, like the legal framework of the market, in addition. We believe that this …

Persistent link: https://www.econbiz.de/10010312731

The Sledge on the Slope or: Energy in the Economy, and the Paradox of Theory and Policy

Lindenberger, Dietmar; Kümmel, Reiner - Energiewirtschaftliches Institut (EWI), Universität zu … - 2013

Persistent link: https://www.econbiz.de/10010991540

Cost shares, output elasticities, and substitutability constraints

Kümmel, Reiner; Schmid, Jörg; Ayres, Robert U.; … - 2008

subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the …, the technological constraints are identified as limits to capacity utilization and automation. The shadow prices depend on …

Persistent link: https://www.econbiz.de/10010264671

The underestimated contribution of energy to economic growth

Ayres, Robert U.; den Bergh, Jeroen C.J.M. van; … - In: Structural Change and Economic Dynamics 27 (2013) C, pp. 79-88

Standard economic theory regards capital and labour as the main factors of production that satisfy the “cost-share theorem”. This paper argues that when a third factor, namely energy, is added physical constraints on substitution among the factors arise. We show that energy is a much more...

Persistent link: https://www.econbiz.de/10011048675

The underestimated contribution of energy to economic growth

Ayres, Robert U.; Bergh, Jeroen C. J. M. van den; … - In: Structural change and economic dynamics : SC+ED 27 (2013), pp. 79-88

Persistent link: https://www.econbiz.de/10010212549