The conflict between economic growth and biodiversity conservation is understood in portions of academia and sometimes acknowledged in political circles. Nevertheless, there is not a unified response. In political and policy circles, the environmental Kuznets curve (EKC) is posited to solve the conflict between economic growth and environmental protection. In academia, however, the EKC has been...

11/27/14 1 © Meir Kohn, 2014 CHAPTER 4. TECHNOLOGICAL PROGRESS Expansion of the market creates new opportunities for producers. Taking advantage of these opportunities requires a reorganization of production, and this reorganization is itself a major source of increased productivity. Market expansion and reorganization together also create new opportunities for the adoption of technology—for th...

Due to embodied technological progress new generations of capital goods are more productive. Therefore, in order to study the effects of technological progress, a model must be analyzed in which different generations of capital goods can be distinguished. We determine in what way the firm adjusts current investments to predictions of technological progress. In the presence of market power we sh...