Construct · 1 fields · 1 citations

backstop technology: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
backstoptechnology1 CONSTRUCTBackstop technologyNORDHAUS · ENVIRONMENTAL AND

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Environmental and resource economics

an abundant but costly alternative technology that caps the price of an exhaustible resource and shapes its optimal extraction path.

In environmental and resource economics, backstop technology refers to an abundant but costly alternative technology that caps the price of an exhaustible resource and shapes its optimal extraction path. This meaning comes from Nordhaus (1973) in Brookings Papers on Economic Activity.[1]

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Nearby constructs

mine2 fields · 2 citationsjingle · one word, two constructspath3 fields · 3 citationsjingle · one word, three constructsresource4 fields · 6 citationsjingle · one word, four constructs

References

  1. Nordhaus, W. D., Houthakker, H., & Solow, R. (1973). The Allocation of Energy Resources. Brookings Papers on Economic Activity, 1973(3), 529. https://doi.org/10.2307/2534202

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