Arbeitspapier

Materials, Capital, Direct/Indirect Substitution and Mass Balance Production Functions

A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of substitutability and complementarity relationships between production factors. It is argued that the neoclassical production function may be consistent with mass balance, but is unsuitable for a detailed and accurate understanding of changes in production that influence materials use. For this purpose, general production functions satisfying mass balance are formulated, drawing upon the proposed classifications.

Sprache
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. 98-065/3

Klassifikation
Wirtschaft
Thema
Production
Production functions
Substitution
Economics
Recycling
Economic models
Functions
Demand
Produktionsfunktion
Theorie

Ereignis
Geistige Schöpfung
(wer)
van den Bergh, Jeroen C.J.M.
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
1998

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • van den Bergh, Jeroen C.J.M.
  • Tinbergen Institute

Entstanden

  • 1998

Ähnliche Objekte (12)