Hoffman, Saul D. - In: The Journal of Economic Education 40 (2009) 4, pp. 437-445
<title>Abstract</title> The third Marshall--Hicks--Allen rule of elasticity of derived demand purports to show that labor demand is less elastic when labor is a smaller share of total costs. As Hicks, Allen, and then Bronfenbrenner showed, this rule is not quite correct, and actually is complicated by an...