Overcoming the natural resource constraint through dedicated R&D effort with heterogenous labor supply

The effective labor possibility frontier (ELPF) is defined as the set of statically efficient allocations of labor imputs in the competing tasks of production and R&D. It summaries the labor scarcity constraint. We show that the dynamically efficient paths of R&D, resource extraction and con...

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Bibliographic details
Main Author: Amigues, Jean-Pierre
Moreaux, Michel
Ricci, Francesco
Format: Paper
Language: English
Place of publication: 2006
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2006
Series: THEMA Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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