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Temporal and thermodynamic irreversibility in production theory

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Authors

The two notions of temporal and thermodynamic irreversibility are distinguished. It is shown that the irreversibility concept of Arrow-Debreu, while establishing temporal irreversibility, does not encompass thermodynamic irreversibility. This means, the standard irreversibility concept of production theory is too weak to be in full accordance with the laws of nature.
Original languageEnglish
JournalEconomic Theory
Volume26
Issue number3
Pages (from-to)725-728
Number of pages4
ISSN0938-2259
DOIs
Publication statusPublished - 01.10.2005
Externally publishedYes

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Income inequality and willingness to pay for environmental public goods

Baumgärtner, S., Drupp, M. A., Meya, J. N., Munz, J. M. & Quaas, M. F., 01.09.2017, In: Journal of Environmental Economics and Management. 85, p. 35-61 27 p.

Research output: Journal contributions › Journal articles › Research › peer-review

Subsistence, Substitutability and Sustainability in Consumption

Baumgärtner, S., Drupp, M. A. & Quaas, M. F., 01.05.2017, In: Environmental and Resource Economics. 67, 1, p. 47-66 20 p.

Research output: Journal contributions › Journal articles › Research › peer-review

A Conceptual Structure of Justice - Providing a Tool to Analyse Conceptions of Justice

Stumpf, K. H., Becker, C. U. & Baumgaertner, S., 01.11.2016, In: Ethical Theory and Moral Practice . 19, 5, p. 1187-1202 16 p.

Research output: Journal contributions › Journal articles › Research › peer-review

DOI

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