TY - JOUR
T1 - Continuous Switching of Techniques in Linear Production Models
AU - Bellino, Enrico
PY - 1993
Y1 - 1993
N2 - In linear production models, a switching of technique consists, in general, of a discontinuous variation of a plurality of technical coefficients and of the capital/labor ratio. This result has often been claimed to hold only with discrete technologies; when techniques crowd indefinitely along the wage-profit frontier this approximates to traditional smooth behavior. This conjecture is disproved in this article: in general, technical coefficients and the capital/labor ratio vary discontinuously, either with a discrete or with a continuum spectrum of techniques along the wage-profit frontier.
AB - In linear production models, a switching of technique consists, in general, of a discontinuous variation of a plurality of technical coefficients and of the capital/labor ratio. This result has often been claimed to hold only with discrete technologies; when techniques crowd indefinitely along the wage-profit frontier this approximates to traditional smooth behavior. This conjecture is disproved in this article: in general, technical coefficients and the capital/labor ratio vary discontinuously, either with a discrete or with a continuum spectrum of techniques along the wage-profit frontier.
KW - capital theory
KW - continuum of techniques
KW - critique of neoclassical analysis
KW - production theory
KW - reswitching of techniques
KW - capital theory
KW - continuum of techniques
KW - critique of neoclassical analysis
KW - production theory
KW - reswitching of techniques
UR - http://hdl.handle.net/10807/61029
U2 - 10.1111/j.1467-9957.1993.tb00231.x
DO - 10.1111/j.1467-9957.1993.tb00231.x
M3 - Article
SN - 0025-2034
SP - 185
EP - 201
JO - Manchester School of Economic and Social Studies
JF - Manchester School of Economic and Social Studies
ER -