Abstract
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.
| Lingua originale | Inglese |
|---|---|
| pagine (da-a) | 185-201 |
| Numero di pagine | 17 |
| Rivista | Manchester School of Economic and Social Studies |
| DOI | |
| Stato di pubblicazione | Pubblicato - 1993 |
Keywords
- capital theory
- continuum of techniques
- critique of neoclassical analysis
- production theory
- reswitching of techniques
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