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The Ricardian Dynamics Revisited
BIDARD, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2011
The Ricardian dynamics describe the substitution of a new marginal method for an outgoing marginal method when demand increases. The process of extension or intensi…cation of cultivation allows for spasmodic changes in prices and rents but is smooth on the physical side. We criticize the notion...
Persistent link: https://www.econbiz.de/10009143624
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RICARDO AND LEMKE
BIDARD, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
We study the economic mechanism which sustains the substitution of a marginal method for another when demand increases, in the presence of scarce resources. In those Ricardian dynamics, it is shown that the outgoing method is determined by the quantity side of the problem, the incoming method by...
Persistent link: https://www.econbiz.de/10010593346
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The Frail Grounds of the Ricardian Dynamics
BIDARD, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
allows us to point at two limits of Ricardo's construction, first in his attempt to get rid of rent in the analysis of … distribution, second in the working of the dynamics themselves. Similarly, the identification of a productivity and a profitability … criterion is at the basis of Sraffa's mistake in his reconstruction of the theory of rent, whereas post-Sraffian formalizations …
Persistent link: https://www.econbiz.de/10010896304
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GETTING RID OF RENT?
BIDARD, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2013
In order to extend the theory of value and the trade-off property to economic systems with lands, Ricardo reduced their study to that of productive systems without lands by considering the marginal agricultural methods. Sraffa generalised the analysis to prices of production and rejected the...
Persistent link: https://www.econbiz.de/10010896333
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The Ricardian rent theory two centuries after
BIDARD, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2014
We propose to re-read Ricardo's theory of rent and its modern versions. Ricardo's dynamic approach follows the … consequence that the Ricardian dynamics fail when a divergence appears between profitability and productivity. Contemporary …
Persistent link: https://www.econbiz.de/10010960388
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The Dynamics of Intensive Cultivation
Bidard, Christian - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2008
equilibria. A general theory of intensive rent is based on a formal parallel with single-product systems without land. …
Persistent link: https://www.econbiz.de/10005404304
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The universal bank model: Synergy or vulnerability?
Brei, Michael; Yang, Xi - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2015
In this paper we examine empirically the relationship between banks’ income diversification, expansion into non-traditional activities and performance. Using detailed information on the U.S. banking sector over the period 2002-12, we investigate whether or not banks’ involvement in various...
Persistent link: https://www.econbiz.de/10011272201