Technology commitment and strategic resource pricing: a linear-quadratic model

Article Abstract:

Optimal resource pricing strategies are analyzed in a lagged demand structure caused by endogenously-determined user investment. This is practical for resource-specific technologies, giving substance to technology commitment. A linear-quadratic model wherein single seller blocs interact with single buyer blocs is thus devised. It is concluded that in a specific case, low prices follow high prices over an interval and an standard long-run price. However, a subgame perfect equilibrium in feedback strategies is disadvantageous but those in trigger strategies can have similar results as the precommitment equilibrium.

Research, Economic aspects, Natural resources, Resource allocation, Nonrenewable natural resources, Nonrenewable resources

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End-use technology review

Article Abstract:

The US should seriously consider establishing a nationwide magnetic levitation (maglev) transportation system. The energy and resource efficiency offered by maglev cannot be denied. The US economy is largely dependent of transportation because of the distances separating several population and industrial centers. This geographic characteristic makes maglev a suitable transportation system.

United States, Evaluation, Transportation, MAGLEV vehicles, Magnetic levitation vehicles, Magnetic suspension, Magnetic levitation

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The technology factor

Article Abstract:

The extent to which computers are responsible for the resurgence of US labor productivity is examined.

Computers, Digital computers, Investments

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