Journal ArticleDOI
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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Productivity, contracting modes, and development
TL;DR: The authors argue that firms employ high-powered incentive contracts to achieve high "X-efficiency" only when the gains from increased productivity outweigh the informational rents firms must pay to create the necessary incentives.
Journal ArticleDOI
Composite functions with Allen determinants and their applications to production models in economics
Muhittin Evren Aydin,Mahut Ergut +1 more
TL;DR: In this article, an explicit formula for the Allen determinants of composite functions of the form f(x)=F(h_1(x_1)××h_n(x n)) was derived.
Journal ArticleDOI
The Cobb–Douglas function as a flexible function: A new perspective on homogeneous functions through the lens of output elasticities
TL;DR: A large class of production functions can be written as a Cobb–Douglas function with non-constant output elasticity, providing a more general and more flexible framework compared to the traditional nested CES approach while facilitating the analyze of the substitution properties of nested CES functions.
Posted Content
Tax Losses and Firm Investment: Evidence from Tax Statistics
Florian Walch,Nadja Dwenger +1 more
TL;DR: In this paper, the authors use a firm-level panel data set including official corporate income tax returns to overcome these problems and show that accounting for tax losses reduces the estimated user cost elasticity of investment, and small and medium sized enterprises seem to be more responsive to tax incentives than larger firms.
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