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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Factor-specific technology choice
TL;DR: In this paper, the authors analyzed the properties of a two-dimensional problem of factor-specific technology choice subject to a technology menu, and showed that the technology menu and the global function (envelope of local functions) are dual objects, in a well defined generalized sense of duality.
Journal ArticleDOI
Micro Data and the Macro Elasticity of Substitution
Ezra Oberfield,Devesh Raval +1 more
TL;DR: In this article, the aggregate elasticity of substitution between capital and labor in the US manufacturing sector is estimated as a simple function of plant level structural parameters and sufficient statistics of the distribution of plant input cost shares.
Posted Content
Factor demand modelling: the theory and the practice
TL;DR: In this article, the key theoretical and empirical issues in factor demand analysis are discussed, in the light of the most recent generalizations of the concept of cointegration, allowing for economic attractors changing over time, as the evolution of the structural features of the economy proceeds.
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Systematic risk, wage rates, and factor substitution
TL;DR: In this article, the impacts of wage rates, monopoly power, and factor substitution on the systematic risk of a firm were examined, and a variable elasticity of substitution production function was employed.
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