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Technology and Energy Use Before, During, and After OPEC: The U.S. Portland Cement Industry

Author

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  • Charles A. Capone Jr.
  • Kenneth G. Elzinga

Abstract

For 12 years analysts have watched industries respond to increased energy prices. In particular, there has been an extensive effort to measure the substitutability of inputs in production, much of which has focused on energy and capital. We may now be at a point where the relevant question is, have firms increased the substitutability of energy with other inputs by what they have done these past 12 years, or will they be caught unawares as the current drop in oil prices precipitates a fall in the market prices of all energy sources? Will we see firm production moving back toward a more energy-intensive process either in the short run or the long run?

Suggested Citation

  • Charles A. Capone Jr. & Kenneth G. Elzinga, 1987. "Technology and Energy Use Before, During, and After OPEC: The U.S. Portland Cement Industry," The Energy Journal, , vol. 8(3), pages 93-112, July.
    • Handle: RePEc:sae:enejou:v:8:y:1987:i:3:p:93-112
    DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No3-5
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    Cited by:

    1. David Prentice, 1998. "A Micro-Economic Model of a Short Run Cost Function with Unobserved Heterogeneity," Working Papers 1998.01, School of Economics, La Trobe University.

    More about this item

    Keywords

    US Portland cement industry; input substitution; oil prices;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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