Abstract
The objective of this paper is to propose an approach in production economics which incorporates the aspect of substitutability in the neoclassical theory as well as the aspect of partially fixed factor proportions in the Walras-Leontief approach. In contrast to Leontief production functions we assume that only fractions of the input quantities are related in fixed factor proportions and that therefore, in contrast to the neoclassical theory, only fractions of the input quantities are disposable for substitution.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Shephard, R. W.: Cost and Production Functions. Princeton 1953.
Shephard, R. W.: The Theory of Cost and Production Functions. Princeton 1970.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1982 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Conrad, K. (1982). Energy Substitution with Partially Fixed Factor Proportions. In: Eichhorn, W., Henn, R., Neumann, K., Shephard, R.W. (eds) Economic Theory of Natural Resources. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-41575-7_35
Download citation
DOI: https://doi.org/10.1007/978-3-662-41575-7_35
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0274-0
Online ISBN: 978-3-662-41575-7
eBook Packages: Springer Book Archive