Journal ArticleDOI
Capital-labor substitution and economic efficiency
TLDR
In this article, the authors proposed a method to improve the quality of the service provided by the service provider by using the information of the user's interaction with the provider and the provider.Abstract:
Обсуждаются следующие темы: чистая теория производства, функциональное распределение дохода, технический прогресс, источники международных конкурентных преимуществ. Анализируются эластичность замещения между трудом и капиталом в обрабатывающей промышленности; производственные функции различного типа.read more
Citations
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Journal ArticleDOI
Elasticity of Substitution Between Capital and Labor and its Applications to Growth and Development
TL;DR: In this article, the elasticity of substitution of an aggregate production function is derived from the steady state of a neoclassical growth model, and the data comes from the PWT in which different countries face different relative prices of the investment good and exhibit different investment-output ratios.
Journal ArticleDOI
Oligopoly and stability
Tönu Puu,Anastasiia Panchuk +1 more
TL;DR: In this paper, the so-called Theocharis-Cournot problem is reconsidered and the relation between oligopoly and perfect competition is discussed, in particular the destabilization of Cournot equilibrium when the number of competitors increases.
Journal ArticleDOI
Investment Behavior in the U.S. Electric Utility Industry, 1949-1968
TL;DR: In this article, the authors developed an econometric model of investment behavior in U.S. regulated industries and applied it to four sub-industries of the regulated sector.
Journal ArticleDOI
The Aggregate Production Function of the Finnish Economy in the Twentieth Century
Arto Luoma,Jani Luoto +1 more
TL;DR: In this paper, the authors used the Bayesian approach to estimate the parameters of the normalized constant elasticity of substitution function with factor-augmenting technical progress directly, rather than using derived first-order conditions of profit maximizing behavior.
Journal ArticleDOI
The Elasticity of Substitution Revisited: The Effects of Secular Changes in Labor Force Structure
TL;DR: In this paper, the elasticity of substitution between capital and aggregate labor is shown to be consistent with a production function with a constant elasticity for substitution of about 2.5.
References
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Journal ArticleDOI
Technical change and the aggregate production function
TL;DR: In this article, the authors proposed a method to improve the performance of the system by using the information of the user's interaction with the system and the system itself, including the interaction between the two parties.
Book
Resource and output trends in the United States since 1870
TL;DR: In this paper, a very brief treatment of three questions relating to the history of our economic growth since the Civil War is given, namely: (1) How large has been the net increase of aggregate output per capita, and to what extent has this increase been obtained as a result of greater labor or capital input on the one hand and of a rise in productivity on the other? (2) Is there evidence of retardation, or conceivably acceleration, in the growth of per capita output? (3) Have there been fluctuations in the rate of growth of output, apart