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| Tekijä: | Frondel, M. Schmidt, C.M. |
| Otsikko: | Facing the truth about separability: nothing works without energy |
| Lehti: | Ecological Economics
2004 : DEC, VOL. 51:3-4, p. 217-223 |
| Asiasana: | Factors of production |
| Kieli: | eng |
| Tiivistelmä: | This article theoretically examines the concept of separability (hereafter as: separ.) used in production theory. It criticizes the standard notion that separ. is of limited relevance for empirical studies and introduces a new definition of separ., empirical dual separ., which is based on cross-price elasticities. This concepts helps researchers to find possible incorrect cross-price elasticities and then to decide whether to omit factors such as energy from the empirical analysis. |
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