Fixed Costs, Efficient Resource Management, and Conservation
نویسندگان
چکیده
This article develops a framework to analyze the impacts on resource development of efficient management practices that account for possible resource conserving technological changes. Compared with the traditional management practice ignoring these changes, efficient management may not delay or reduce resource development, depending on the level of the changes. Under efficient management, a higher probability of resource conserving technologies may not delay or reduce resource development. These ambiguities are due to the existence of fixed and increasing marginal costs in resource development.
منابع مشابه
Fixed Costs , E cient Resource Management and Conservation Jinhua
This paper develops a framework to analyze the impacts on resource development of e cient management practices that account for possible resource conserving technological, institutional and taste changes. Compared with traditional resource management that ignores these future possibilities, e cient management may not delay or reduce resource development. Under e cient management, higher probabi...
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