Amigues, Jean-Pierre; Moreaux, Michel; Ricci, Francesco - Théorie Économique, Modélisation, Application … - 2006
The effective labor possibility frontier (ELPF) is defined as the set of statically efficient allocations of labor imputs in the competing tasks of production and R&D. It summaries the labor scarcity constraint. We show that the dynamically efficient paths of R&D, resource extraction and...