The potential for a backward-bending supply curve of non-timber forest products: An empirical case study of wild American ginseng production
Sign Up to like & getrecommendations! Published in 2018 at "Forest Policy and Economics"
DOI: 10.1016/j.forpol.2018.09.011
Abstract: Abstract Renewable natural resources that have biological constraints on reproduction and are open-access may be subjected to intense harvest activity that limits regeneration, potentially leading to a backward-bending long-run supply curve. Empirical evidence of such… read more here.
Keywords: supply; ginseng; backward bending; supply curve ... See more keywords
A minimum‐wage model of unemployment and growth: The case of a backward‐bending demand curve for labor
Sign Up to like & getrecommendations! Published in 2018 at "International Journal of Economic Theory"
DOI: 10.1111/ijet.12168
Abstract: We add a minimum wage and hence involuntary unemployment to a conventional two-sector model of a perfectly competitive economy with optimal saving and endogenous growth. Our resulting model highlights the possible case of a backward-bending… read more here.
Keywords: case backward; backward bending; minimum wage; bending demand ... See more keywords