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This paper investigates the technical inefficiency, shadow price and substitution elasticity of CO2 emissions of China … output distance function, we show that China’s technical inefficiency increases over the period implying further scope for CO …). Additionally, increasingly steep substitution elasticity highlights the difficult reality of reducing China’s CO2 emissions. …
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Economic models of land allocation may lead to expectations for farmer response that surprisingly" do not materialize … resource allocation better for farmers who attach significant non-market values to their own crops. I extend the theoretical … model in Arslan and Taylor (2008) to explain why the land allocation of such farmers may not respond to market signals even …
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Intuitively, by increasing the opportunity cost of engaging in criminal activities, positive economic shocks should reduce crime. However, the empirical evidence on the relationship between economic shocks and criminal behavior is at best ambiguous. This may be because certain types of shocks...
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The equilibrium conditions for an economic system that produces output with several factors of production and which is subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the conditions that output elasticities must be equal to...
Persistent link: https://www.econbiz.de/10003850488