Effects of Technological Change on Non-renewable Resource Extraction and Exploration

被引：0
|
作者：
Sawada E. [1 ]
Managi S. [2 ]
机构：
[1] Waseda Research Institute for Science and Engineering, Waseda University, 3-4-1, Ohkubo, Shinjuku-ku, Tokyo
[2] Graduate School of Environmental Studies, Tohoku University, 6-6-20, Aramaki-Aza Aoba, Aoba-ku, Sendai
来源：
Journal of Economic Structures | / 3卷 / 1期
基金：
日本学术振兴会;
关键词：
Technological Change; Technological Progress; Resource Extraction; Marginal Revenue; Extraction Technology;
D O I：
10.1186/2193-2409-3-1
中图分类号：
学科分类号：
摘要：
This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource extraction differently. Then, progress in extraction technology drops marginal revenue of extraction and resource price by changing the structure of those dynamics, while progress in exploration technology drops marginal revenue of extraction and resource price remaining the structure of those dynamics. Finally, we illustrate the difference becomes significant when innovative technologies are developed using numerical examples. © 2014, E. Sawada, S. Managi; licensee Springer.
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