NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION: AN EXPERIMENTAL EVALUATION.

Raymond J. Kopp; V. Kerry Smith

NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION: AN EXPERIMENTAL EVALUATION.

Raymond J. Kopp, V. Kerry Smith

WPC: Economics

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

4 Scopus citations

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
Publisher	JAI Press Inc
Pages	183-198
Number of pages	16
Volume	4
ISBN (Print)	0892322152
State	Published - Dec 1 1982

ASJC Scopus subject areas

Engineering(all)

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title = "NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION: AN EXPERIMENTAL EVALUATION.",

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.",

author = "Kopp, {Raymond J.} and Smith, {V. Kerry}",

year = "1982",

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day = "1",

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AU - Smith, V. Kerry

PY - 1982/12/1

Y1 - 1982/12/1

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 - Conference contribution

AN - SCOPUS:0020337042

SN - 0892322152

VL - 4

SP - 183

EP - 198

BT - Advances in the Economics of Energy and Resources

PB - JAI Press Inc

ER -

NEOCLASSICAL MEASUREMENT OF EX ANTE RESOURCE SUBSTITUTION: AN EXPERIMENTAL EVALUATION.

Abstract

ASJC Scopus subject areas

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