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In diesem Beitrag stellen wir einen Weg vor, der es erlaubt, grundsätzliche Aussagen darüber zu treffen, dass wirtschaftliches Handeln schädliche Auswirkungen auf die Umwelt mit sich bringt. Diese Auswirkungen sind naturwissenschaftlich bedingt und treten insbesondere in der...
Persistent link: https://www.econbiz.de/10013549677
The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world....
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This study derives the relationship between environmental production functions and environmental directional distance functions. These two approaches make different assumptions when modeling the joint production of good and bad outputs. The environmental production function credits a producer...
Persistent link: https://www.econbiz.de/10014073275
The regression residual is commonly used as a productivity indicator. However, the observed input demands are endogenous if rational managers adjust their input use for inefficiency. A large stream of studies considers possible solutions to the endogeneity problem that require as little external...
Persistent link: https://www.econbiz.de/10014036140
This paper extends the basic results of Houck's insight for derived demand elasticities for the case of joint products by allowing for the possibility of the joint and raw products being traded. Theoretical relationships between individual demands for a set of jointly-produced commodities that...
Persistent link: https://www.econbiz.de/10014094121
A major constraining assumption of the break-even concept is that there is only one product line. Though, this assisted greatly in perfecting the normal breakeven analysis model; it, however, prevented the use of the concept in analyzing multi-product breakeven points. Earlier attempts to...
Persistent link: https://www.econbiz.de/10013111082
In an economy with imperfect labor contracts, differences in the distribution of talent can be an independent source of comparative advantage. I study a world economy with two activities, one in which an individual's contribution to production can be measured accurately and another in which...
Persistent link: https://www.econbiz.de/10011410329
In this paper, we discuss the relationship between responsibility and joint production. Responsibility mirrors our ability to act freely. We can act freely only if we can assume responsibility for our actions and their consequences; the limits of our responsibility are therefore also the limits...
Persistent link: https://www.econbiz.de/10002089704