Effects of Technological Change on Non-renewable Resource Extraction and Exploration

Eiji Sawada, Shunsuke Managi

研究成果: Contribution to journalArticle査読

1 被引用数 (Scopus)

抄録

This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource extraction differently. Then, progress in extraction technology drops marginal revenue of extraction and resource price by changing the structure of those dynamics, while progress in exploration technology drops marginal revenue of extraction and resource price remaining the structure of those dynamics. Finally, we illustrate the difference becomes significant when innovative technologies are developed using numerical examples.

本文言語英語
論文番号1
ジャーナルJournal of Economic Structures
3
1
DOI
出版ステータス出版済み - 12 1 2014
外部発表はい

All Science Journal Classification (ASJC) codes

  • 経済学、計量経済学
  • 経済学、計量経済学および金融学(その他)

フィンガープリント

「Effects of Technological Change on Non-renewable Resource Extraction and Exploration」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル