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Uncertainty and capacity constraints: Reconsidering the aggregate production function

Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-19, pp. 1-50

The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...

Persistent link: https://www.econbiz.de/10010307562

The transformation of values into prices on the basis of random systems revisited: reply to my commentators

Schefold, Bertram - In: Evolutionary and Institutional Economics Review 18 (2020) 1, pp. 317-334

This paper defends The Transformation of Values into Prices on the Basis of Random Systems, published in EIER, by answering to the Comments made in the same journal by Professors Mori, Morioka and Yamazaki. The clarifications mainly concern the justification of the randomness assumptions, the...

Persistent link: https://www.econbiz.de/10014504271

The classical roots of the Austrian theory of capital and entrepreneurship

Meacci, Ferdinando; Ferlito, Carmelo - In: The Review of Austrian Economics 31 (2018) 3, pp. 315-339

The paper deals with the continuities and discontinuities between some classical, Austrian and neo-Austrian authors with regard first to the theory of capital and then to the theory of entrepreneurship. Part I focuses on the elements of continuity between the classical and the Austrian theory of...

Persistent link: https://www.econbiz.de/10011892388

The Cambridge–Cambridge controversy on the theory of capital: 50 years after

Hagemann, Harald - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 196-207

The paper points out that capital theory has always been a hotly debated subject, partly because the theoretical issues involved are very complex, and partly because rival ideologies and value systems directly affect the issues discussed. The focus is on the history, the main protagonists, and...

Persistent link: https://www.econbiz.de/10014363384

What remains of the Cambridge critique of capital theory, if reswitching and reverse capital deepening are empirically rare and theoretically unlikely?

Schefold, Bertram - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 220-240

The paper summarises the main results of the Cambridge controversy on capital theory and discusses its actual relevance. The paradoxes that had first been regarded as most relevant (reswitching and reverse capital deepening) have turned out to be empirically rare, and this can be explained...

Persistent link: https://www.econbiz.de/10014363386

The theory of value and distribution and the problem of capital

Kurz, Heinz D. - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 241-264

The paper identifies as the root of the recent controversy in the theory of capital David Ricardo's finding that competitive prices and costs of production depend not only on the methods of production employed, but also on the wage rate (or rate of profits) and change with it. A consequence of...

Persistent link: https://www.econbiz.de/10014363387

An analysis of the relation between return and beta for portfolios of Turkish equities

Terregrossa, Salvatore J.; Eraslan, Veysel - In: Cogent Economics & Finance 4 (2016) 1, pp. 1-8

the capital asset pricing model (CAPM). Enhanced accuracy of expected asset-return, in turn, may lead to more accurate …

Persistent link: https://www.econbiz.de/10011559212

The information content and redistribution effects of state and municipal rating changes in Mexico

Mendoza-Velázquez, Alfonso - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-38, pp. 1-21

State and Municipal governments on bond returns in Mexico. By employing a Capital Asset Pricing Model (CAPM) structure for …

Persistent link: https://www.econbiz.de/10010332965

Economic returns and risks to investment in education: An application of the multifactor CAPM

Athanassiadis, Antonios - In: International Journal of Economic Sciences and Applied … 4 (2011) 1, pp. 95-120

Multifactor CAPM. Following this model we assess, except market risk, the impact of three key macroeconomic variables (investments …

Persistent link: https://www.econbiz.de/10010289400

Systematic Risk Assesment Using OLS Method - The Case of the Capital Market of Bosnia and Herzegovina

Zaimovic, Azra - In: Economic Review: Journal of Economics and Business 10 (2012) 1, pp. 13-23

The Sharpe-Lintner Capital Asset Pricing Model (CAPM) implies a simple linear equation for pricing risky financial … assets, individually and in portfolios. CAPM finds that the relevant risk measure of individual financial assets held as a … estimate the standard Sharpe-Linter CAPM model. As in most other new markets, this market has a non-synchronous trading problem …

Persistent link: https://www.econbiz.de/10011985061