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Capital-labor substitution and economic efficiency
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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
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How substitutable are fixed factors in production? evidence from pre-industrial England
TL;DR: The authors used the timing of plague epidemics as an instrument for labor supply to estimate the elasticity of substitution between fixed and non-fixed factors in pre-industrial England to be significantly less than one.
Journal ArticleDOI
Reflections on a Representative Selection of My Essays from the Past 60 Years
TL;DR: A representative collection of my key essays from the past 60 years is described in this paper, where the introduction is the introduction that I would have written, but copyright restrictions have prevented the publication of a representative collection.
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Factor Employment, Sources and Sustainability of Output Growth: Analysis of Indian Manufacturing
Arvind Virmani,Danish A. Hashim +1 more
TL;DR: In this paper, the authors examined the main determinants of factor employment, their shares, and output growth in the manufacturing sector in India, and dwelled on the sustainability of high growth in output on the back of raising capital labour ratio.
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"On the Cobb-Douglas and all that …": the Solow-Simon correspondence over the aggregate neoclassical production function
TL;DR: In this paper, the authors present a correspondence between two future Nobel Laureates, Robert Solow and Herbert Simon, arguing that the logical and empirical problems with the Cobb-Douglas were well known.
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Some work and some play: microscopic and macroscopic approaches to labor and leisure.
TL;DR: A microscopic framework is developed, formalized as a semi-Markov decision process with possibly stochastic choices, in which subjects approximately maximise their expected returns by making momentary commitments to one or other activity, and shows macroscopic utilities that arise from microscopic ones.
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