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Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing … conditions even when elasticities of substitution between capital and resources are low and the supply of physical capital is …
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This supporting material for An Indicator for Ecosystem Externalities in Fishing provides the estimations of the cost model parameters, establishes a price model, performs sensitivity analyses of the cost model parameters and analyzes sensitivity with respect to the control variable.
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