Showing 131 - 140 of 96,403
A two factor production function with a variable elasticity of substitution is considered. The note describes the relation between the elasticity and the behavior of the marginal products and the output per unit input as the factor ratio approaches zero or infinity.
Persistent link: https://www.econbiz.de/10005823870
We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective “specialized solvers” by relying on local information alone. The...
Persistent link: https://www.econbiz.de/10005772236
Persistent link: https://www.econbiz.de/10005795318
This paper estimates productivity growth in Malaysian manufacturing over the period 1983-1999. Malmquist productivity … productivity growth sourced from efficiency change and growth in technology. Unlike previous studies, this study identifies the … sources of productivity growth in Malaysian manufacturing industries at the five digit breakdown of Malaysian Standard …
Persistent link: https://www.econbiz.de/10004997927
wages, rent and profit, is resolved. It is shown that far from being limited to the ancient form of society of the hunter …
Persistent link: https://www.econbiz.de/10005089356
In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...
Persistent link: https://www.econbiz.de/10005049015
Cobb Douglas production function parameters are not identified from cross-section variation when inputs are perfectly flexible and chosen optimally, and input prices are common to all firms. We consider the role of adjustment costs for inputs in identifying these parameters in this context. The...
Persistent link: https://www.econbiz.de/10005509490
This paper investigates what mey be learned about treatment effects when it is assumed that responses functions are monotone, semi- monotone, or concave-monotone.
Persistent link: https://www.econbiz.de/10005443385
This paper derives an indirect production function that is, in a special case, of a constant elasticity of substitution form. This is not a contribution to the theory of aggregation generally. Instead it is a microfoundation for a specific but popular production function -- the CES-- that helps...
Persistent link: https://www.econbiz.de/10005611713
The paper enumeratesthe factors that determinethe production potentialof the company, points out the referencesto theopinionsofeconomicexpertsin terms of productive investment. The criteria are"inferred" and economically interpreted. Decision making isbased oninitial information,ona number...
Persistent link: https://www.econbiz.de/10010681258