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We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological evolution. This involves adding nascent (essentially undiscovered) technologies to the existing technologies of neoclassical production theory, and, more importantly, expanding the...
Persistent link: https://www.econbiz.de/10014046283
of production and correlations with technical changes are measured by Total Factor Productivity as an expression of … Technical Efficiency to assess Total Factor Productivity …
Persistent link: https://www.econbiz.de/10013110272
We estimate how much of the gains from productivity spillovers through worker mobility is retained by the hiring firms …
Persistent link: https://www.econbiz.de/10010204505
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … between labour productivity and wages in the Argentine manufacturing sector? Does it differ across techno-productive classes … from 2010 to 2016, we perform quantile regression estimates to evaluate the link between productivity and wages across the …
Persistent link: https://www.econbiz.de/10013465158
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … between labour productivity and wages in the Argentine manufacturing sector? Does it differ across techno-productive classes … from 2010 to 2016, we perform quantile regression estimates to evaluate the link between productivity and wages across the …
Persistent link: https://www.econbiz.de/10014229653
This article proposes an identity regarding economic outcomes when producers maximize profits, with free entry and exit of firms. The identity links consumer and producer theory and leads to several results that contribute to understand what should - and should not - be expected under the...
Persistent link: https://www.econbiz.de/10013121118
The problem of managerial agency costs dominates debates in corporate law. Many leading scholars advocate reforms that would reduce agency costs by forcing firms to allocate more control to shareholders. Such proposals disregard the costs that shareholders avoid by delegating control to managers...
Persistent link: https://www.econbiz.de/10012972091
This paper demonstrates optimal policies for capacitated serial multiechelon production/inventory systems. Extending the Clark and Scarf (1960) model to include installations with production capacity limits, we demonstrate that a modified echelon base-stock policy is optimal in a two-stage...
Persistent link: https://www.econbiz.de/10013010781
Persistent link: https://www.econbiz.de/10012917179
This publication is theoretical in nature. It attempts to determine a hypothetical relation between the supply of agricultural production determined by the given demand for it on the one hand and the demand for factors involved in the production on the other. It is included in one model of...
Persistent link: https://www.econbiz.de/10014092292