The accumulation of knowledge through higher education, scientific research and industrial R&D is a key factor in economic and social development. This timely and valuable book focuses on the microeconomics of knowledge production and on the analysis of technical constraints, possibilities of...

Assume a homogeneous production function, a constant rate of population growth and a monetary policy which keeps the rate of interest fixed. With initial unemployment there exists an unstable process of balanced growth. Under initial full employment there exists a natural rate of interest...

This paper reexamines the theory of spatial price polices under more general conditions to compare mill pricing, uniform delivered pricing, and discriminatory local pricing and to interpret their implications when market regions are given. The analysis assumes that demand functions are linear...

This paper examines the contribution of supervisors to an organization's output by constructing a production function in which supervisors' time and case workers' time enter as inputs. There is a quality variable associated with output: average delay. The functional form of the production...