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This paper uses input–output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a...
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The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint … production, as well as the way they relate to the real world. For Morishima, the labor theory of value is a particular case of … Sraffa's theory of production prices; it is recalled that in Sraffa's treatment of joint production the occurrence of …
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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...
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eines mikroökonomische Begriffsapparates eine Theorie ehrenamtlicher Arbeit vorgestellt. Ein zentraler Punkt wird hierbei … ehrenamtlicher Arbeit zu beantworten. Die institutionenökonomische Theorie begründet dieses Phänomen mit Transaktionskostenvorteilen … theoretical concept a theory of volunteering is developed by using microeconomic terms. Asking for the individual revenues or …
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