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are dual to each other. To be more concrete, we refer to the theory of international trade, where the factor endowment of …
Persistent link: https://www.econbiz.de/10010322065
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Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an identifi...
Persistent link: https://www.econbiz.de/10011422212
In this work, inspired by Winter (2006), in fact of vintage 1968, we discuss the relation between three different levels of analysis of technologies, namely as (i) bodies of problem-solving knowledge, (ii) organizational procedures, and (iii) input-output relations. We begin by arguing that the...
Persistent link: https://www.econbiz.de/10010328440
Using a standard production model, we demonstrate theoretically that, even if labor is fully flexible, it generates a form of operating leverage if (a) wages are smoother than productivity and (b) the capital-labor elasticity of substitution is strictly less than one. Our model supports using...
Persistent link: https://www.econbiz.de/10012030333
problems. They cover: alternative interpretations of classical economists new growth theory the relationship between Sraffian … theory and Von Neumann the treatment of capital in neoclassical long-period theory. Incorporating cutting-edge research and …
Persistent link: https://www.econbiz.de/10012990585
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measures of heterogeneity and technical change do not require many of the standard assumptions from production theory. …
Persistent link: https://www.econbiz.de/10010328623
This paper presents new evidence on tradeinduced automation in manufacturing firms using unique data combining a retrospective survey that we have assembled with register data for 2005-2010. In particular, we establish a causal effect where firms that have specialized in product types for which...
Persistent link: https://www.econbiz.de/10012142380
In einem internationalen Effizienzvergleich der Telekommunikationswirtschaft für den Zeitraum 1981 bis 2002 liegt Deutschland auf einem mittleren Platz: Besser schneiden Frankreich und Großbritannien ab, schlechter die Niederlande und die USA. Allerdings unterliegt die angebotsseitige...
Persistent link: https://www.econbiz.de/10011601608