Energy conversion in the production of goods and services, and the resulting emissions associated with entropy …, have revealed energy as a production factor whose output elasticity, which measures its productive power, is much higher …, labor, and energy into account. The present paper offers an explanation of these findings in the picture of a sledge, which …

Energy conversion in the production of goods and services, and the resulting emissions associated with entropy …, have revealed energy as a production factor whose output elasticity, which measures its productive power, is much higher …, labor, and energy into account. The present paper offers an explanation of these findings in the picture of a sledge, which …

diminishing returns. -- Optimization ; technological constraints ; shadow prices ; output elasticities ; energy ; economic growth … subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the … the constraints add to factor prices. In a model, where capital, labor and energy (exergy) are the factors of production …

economic system are pointed out. The output elasticities and the elasticities of substitution of energy-dependent Cobb … production factors and whose numerical values have been obtained for Germany, Japan, and the USA, are for energy much larger and … for labor much smaller than the cost shares of these factors. Energy and its conversion into physical work accounts for …

economic system are pointed out. The output elasticities and the elasticities of substitution of energy-dependent Cobb … production factors and whose numerical values have been obtained for Germany, Japan, and the USA, are for energy much larger and … for labor much smaller than the cost shares of these factors. Energy and its conversion into physical work accounts for …

The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of … independent of energy and environmental policies. However, these policies affect capital accumulation and rates of productivity … growth that determine the intermediate-run trends that are important for policy evaluation. Heterogeneity of different energy …

-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 important factor of production than its small cost share may indicate. This … higher energy prices in the future due to peak oil and climate policy. …

unemployment, poverty, and inequality in South Africa, there are concerns that a rapid transition to a low-carbon energy system … Project, and analyses the impacts on the energy system and the economy of an increase in ambition, in order to shed light on …

unemployment, poverty, and inequality in South Africa, there are concerns that a rapid transition to a low-carbon energy system … Project, and analyses the impacts on the energy system and the economy of an increase in ambition, in order to shed light on …