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The Inada conditions for material resource inputs reconsidered

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

Standard

The Inada conditions for material resource inputs reconsidered. / Baumgärtner, Stefan.
In: Environmental and Resource Economics, Vol. 29, No. 3, 11.2004, p. 307-322.

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

Harvard

Baumgärtner, S 2004, 'The Inada conditions for material resource inputs reconsidered', Environmental and Resource Economics, vol. 29, no. 3, pp. 307-322. https://doi.org/10.1007/s10604-003-5267-5

APA

Baumgärtner, S. (2004). The Inada conditions for material resource inputs reconsidered. Environmental and Resource Economics, 29(3), 307-322. https://doi.org/10.1007/s10604-003-5267-5

Vancouver

Baumgärtner S. The Inada conditions for material resource inputs reconsidered. Environmental and Resource Economics. 2004 Nov;29(3):307-322. doi: 10.1007/s10604-003-5267-5

Bibtex

@article{2010359dea4e48ba97a9077970e76d7b,
title = "The Inada conditions for material resource inputs reconsidered",
abstract = "It is shown that the thermodynamic law of conservation of mass, the so-called Materials-Balance-Principle, implies that the marginal product as well as the average product of a material resource input are bounded from above. This means that the Inada conditions, one of the standard assumptions of economic growth theory, when applied to material resource inputs are inconsistent with a basic law of nature. The analysis is based on a model of multi-level production where intermediate goods are produced from elementary resources, and an all-purpose final commodity is produced from these intermediates.",
keywords = "Sustainability sciences, Management & Economics, conservation of mass , Inada conditions, materials balance principle, natural resources, production function, thermodynamics, conservation of mass, inada conditions, materials balance principle, natural resources, production funktion, thermodynamics, Economics, conservation of mass , Inada conditions, materials balance principle, natural resources, production function, thermodynamics",
author = "Stefan Baumg{\"a}rtner",
year = "2004",
month = nov,
doi = "10.1007/s10604-003-5267-5",
language = "English",
volume = "29",
pages = "307--322",
journal = "Environmental and Resource Economics",
issn = "0924-6460",
publisher = "Springer Science and Business Media B.V.",
number = "3",

}

RIS

TY - JOUR

T1 - The Inada conditions for material resource inputs reconsidered

AU - Baumgärtner, Stefan

PY - 2004/11

Y1 - 2004/11

N2 - It is shown that the thermodynamic law of conservation of mass, the so-called Materials-Balance-Principle, implies that the marginal product as well as the average product of a material resource input are bounded from above. This means that the Inada conditions, one of the standard assumptions of economic growth theory, when applied to material resource inputs are inconsistent with a basic law of nature. The analysis is based on a model of multi-level production where intermediate goods are produced from elementary resources, and an all-purpose final commodity is produced from these intermediates.

AB - It is shown that the thermodynamic law of conservation of mass, the so-called Materials-Balance-Principle, implies that the marginal product as well as the average product of a material resource input are bounded from above. This means that the Inada conditions, one of the standard assumptions of economic growth theory, when applied to material resource inputs are inconsistent with a basic law of nature. The analysis is based on a model of multi-level production where intermediate goods are produced from elementary resources, and an all-purpose final commodity is produced from these intermediates.

KW - Sustainability sciences, Management & Economics

KW - conservation of mass

KW - Inada conditions

KW - materials balance principle

KW - natural resources

KW - production function

KW - thermodynamics

KW - conservation of mass

KW - inada conditions

KW - materials balance principle

KW - natural resources

KW - production funktion

KW - thermodynamics

KW - Economics

KW - conservation of mass

KW - Inada conditions

KW - materials balance principle

KW - natural resources

KW - production function

KW - thermodynamics

UR - http://www.scopus.com/inward/record.url?scp=7744239041&partnerID=8YFLogxK

U2 - 10.1007/s10604-003-5267-5

DO - 10.1007/s10604-003-5267-5

M3 - Journal articles

VL - 29

SP - 307

EP - 322

JO - Environmental and Resource Economics

JF - Environmental and Resource Economics

SN - 0924-6460

IS - 3

ER -

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