inflation in the price index for capital goods is equal to the threshold value, historical cost and replacement cost profit … - 2010. Moreover, trends in both replacement cost and historical cost profit rates display very similar movements over long … periods, making the choice of capital stock valuation irrelevant for empirical analysis of profitability trends …

This paper analyzes the effect of technical change on income distribution and profitability by comparing the long …-run outcomes defined by a uniform profit rate in a multisector linear economy. We study three scenarios with (i) fixed real wage …; (ii) fixed profit rate; or (iii) fixed wage-profit ratio, and show that any viable capital- using and labor …

econometric relationship between profitability and market share concentration. The phenomenon can appear when there is a negative … for the cost competitiveness of direct rivals within an industry. Profitability of a given firm is undermined if price … expensive for firms. This idea also explains the frequent findings of highly persistent profit rate differentials …

In recent years, there has been a resurgence of interest in the controversies surrounding capital theory. At the heart … of these debates are the empirically observed near-linearities in the price-rate of profit and wage rate of profit curves …

evolution of the rate of profit. The model explains how the tendency of the rate of profit to fall may emerge in a form of … simultaneous profit maximization for individual firms and even for the entire sector they belong. Both results may provide new …

accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …

accumulate. Consistent with the basic intuitions of Marx's theory of technical change, we show that there is no obvious relation …