IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-60730-9_10.html
   My bibliography  Save this book chapter

Summary of Production, Employment, Wages, and Prices

In: The World Economy, Population Growth, and the Global Ecosystem

Author

Listed:
  • Harland Wm. Whitmore

Abstract

In this section, the excess demands for pollution allowances are specified as a function of the market price of pollution allowances and the parameters (predetermined variables) that the various producers take as given at the beginning of the period. The price of pollution allowances is assumed to be determined at the same time that the individual industries set product prices and wages but before interest rates and exchange rates are established. The excess demands for pollution allowances by the nonrenewable resource industry, the capital goods industry, and the consumption goods industry are added and solved for the market price of pollution allowances that yields a zero aggregate excess demand for allowance. The resulting market price for pollution allowances is then substituted into the production functions and the factor demand functions of the various sectors.

Suggested Citation

  • Harland Wm. Whitmore, 2007. "Summary of Production, Employment, Wages, and Prices," Palgrave Macmillan Books, in: The World Economy, Population Growth, and the Global Ecosystem, chapter 10, pages 167-178, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-60730-9_10
    DOI: 10.1057/9780230607309_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-60730-9_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.