The Inada conditions for material resource inputs reconsidered

Research output: Journal contributionsJournal articlesResearchpeer-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 contributionsJournal articlesResearchpeer-review

Harvard

APA

Vancouver

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 -

Recently viewed

Publications

  1. Self-supervised Siamese Autoencoders
  2. What is missing in the EVS?
  3. Energy model, boundary object and societal lens
  4. Instruments for co-operative planning in spatial management concerned with flooding issues
  5. Towards greener and sustainable ionic liquids using naturally occurring and nature-inspired pyridinium structures
  6. From 'one right way' to 'one ruinous way'? Discursive shifts in 'There is no alternative'
  7. Effects of plyometric training on postural control in static and dynamic testing situations
  8. The lens of polycentricity
  9. Evaluating a hybrid web-based training program for panic disorder and agoraphobia
  10. Conceptualizing protected area research in a transdisciplinary
  11. Investigation of the sulfur speciation in petroleum products by capillary gas chromatography with ICP-collision cell-MS detection
  12. Mapping Urban Information as an Interdisciplinary Method for Geography, Art and Architecture Representations
  13. Material system analysis
  14. Software and Web-Based Tools for Sustainability Management in Micro-, Small- and Medium-Sized Enterprises
  15. Collisions in space
  16. A Process Perspective on Organizational Failure
  17. Social group membership does not modulate automatic imitation in a contrastive multi-agent paradigm
  18. Intelligence assessment with computer simulations
  19. Capitalizing on natural language processing (NLP) to automate the evaluation of coach implementation fidelity in guided digital cognitive-behavioral therapy (GdCBT)
  20. Rapid Prototyping of a Mechatronic Engine Valve Controller for IC Engines
  21. Constitutions, Democratic Self-Determination and the Institutional Empowerment of Future Generations: Mitigating an Aporia
  22. Ticio Escobar
  23. Resolving conflicts between people and over time in the transformation toward sustainability
  24. Lyapunov stability analysis to set up a saturating PI controller with anti-windup for a mass flow system
  25. U-model-based dynamic inversion control for quadrotor UAV systems