文章基本信息

标题：Effects of Technological Change on Non-renewable Resource Extraction and Exploration
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作者：Eiji Sawada ; Shunsuke Managi
期刊名称：Journal of Economic Structures
电子版ISSN：2193-2409
出版年度：2014
卷号：3
期号：1
页码：1-12
DOI：10.1186/2193-2409-3-1
出版社：Springer Berlin / Heidelberg
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.