Production functions: a theoretical and empirical study
The johansen schema; An integrated system of production: comments and criticisms; The ex ante function; The ex ante function and the ex post micro function; Aggregate putty-clay functions; Agtregate neoclassical production functions; Neoclassical production functions: fact or fantasy? Production functions - some conclusions.
What people are saying - Write a review
We haven't found any reviews in the usual places.
INTRODUCTION AIMS AND SCOPE
The importance of perfect competition and profitmaximising behaviour
11 other sections not shown
Other editions - View all
accounting identity adjustment adopted aggregate Cobb-Douglas function alternative appear approach argued associated assumed assumption behaviour best-practice capital and labour capital usage census cent level Chapter competitive constant returns constructed cost curves cross-sectional denotes detailed duction economic elasticity of substitution equation ex ante function existing explanation factor intensity factor prices factor shares firm fixed-coefficient fuel given important industry groups input per unit intensive margin isoquant Joan Robinson key to Table large number level of aggregation level of output linear programming long-run equilibrium machines marginal marginal cost measure micro technologies multicollinearity neoclassical overall fit particular perfect competition period possible price line problem production units putty-clay regression relationship reported in Table returns to scale Ringstad sample shiftworking short-run macro function significant T-isocost technical change technology of production theoretical theory of production underlying technology unit of output utilised values variables vintage models vintage theory wage-interest zero quasi-rent line