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Choice of Technology and Long-Run Technical Change in Energy-Intensive Industries

Finn Førsund and Lennart Hjalmarsson

The Energy Journal, 1988, vol. Volume 9, issue Number 3, 79-97

Abstract: The difference between short-run and long-run flexibility in energy use is an important topic in energy demand modeling. Dynamic formulations are required to reveal this difference. The microeconomic foundation for the distinction between short- and long-run energy substitution possibilities is the embodiment of production techniques.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1988
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