Abstract
The purpose of this paper is to summarize an experimental evaluation of the performance of neoclassical models of production in measuring the prospects for input substitution within an ex ante framework. The analysis maintains that neoclassical models are best interpreted as convenient approximations for the inherently complex engineering processes of real-world production activities.
| Original language | English (US) |
|---|---|
| Title of host publication | Advances in the Economics of Energy and Resources |
| Place of Publication | Greenwich, CT, USA |
| Publisher | JAI Press Inc |
| Pages | 183-198 |
| Number of pages | 16 |
| Volume | 4 |
| ISBN (Print) | 0892322152 |
| State | Published - 1982 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Engineering(all)
Cite this
NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION : AN EXPERIMENTAL EVALUATION. / Kopp, Raymond J.; Smith, V. Kerry.
Advances in the Economics of Energy and Resources. Vol. 4 Greenwich, CT, USA : JAI Press Inc, 1982. p. 183-198.Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION
T2 - AN EXPERIMENTAL EVALUATION.
AU - Kopp, Raymond J.
AU - Smith, V. Kerry
PY - 1982
Y1 - 1982
N2 - The purpose of this paper is to summarize an experimental evaluation of the performance of neoclassical models of production in measuring the prospects for input substitution within an ex ante framework. The analysis maintains that neoclassical models are best interpreted as convenient approximations for the inherently complex engineering processes of real-world production activities.
AB - The purpose of this paper is to summarize an experimental evaluation of the performance of neoclassical models of production in measuring the prospects for input substitution within an ex ante framework. The analysis maintains that neoclassical models are best interpreted as convenient approximations for the inherently complex engineering processes of real-world production activities.
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UR - http://www.scopus.com/inward/citedby.url?scp=0020337042&partnerID=8YFLogxK
M3 - Chapter
AN - SCOPUS:0020337042
SN - 0892322152
VL - 4
SP - 183
EP - 198
BT - Advances in the Economics of Energy and Resources
PB - JAI Press Inc
CY - Greenwich, CT, USA
ER -