Gaitan, Beatriz; Tol, Richard S.J.; Yetkiner, I. Hakan - Agricultural and Applied Economics Association - AAEA - 2004
rate of return of capital is larger than the capital depreciation rate and if the non-renewable is an inessential input in … production. We believe that our model offers a theoretical explanation to non-growing nonrenewable prices and hence at least … crucial role in determining the long run behavior of non-renewable prices, namely the elasticity of substitution between input …