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
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Aggregation, the Skill Premium and the Two-Level Production Function
TL;DR: In this paper, the authors examined the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes and proposed a normalized system estimation method to retrieve estimates of the inter-and intra-class elasticities of substitution and factor augmenting technical progress coefficients.
Journal ArticleDOI
On European Electricity Market Liberalization: A Game-Theoretic Approach
TL;DR: The aim of the research presented in this paper is to investigate the differences between the resulting electricity prices with different scenarios: a market with one Stackelberg leading producer, a Market with two Stackeberg leading producers being noncooperative among themselves, and a perfectly competitive market.
Journal ArticleDOI
Catch-to-stock dependence: The case of small pelagic fishery with bounded harvesting effort
TL;DR: In this article, the stockdependent nonlinearities in catchability are expressed through eventual variability of the "catch-to-stock" parameter that measures the sensitivity of an additional catch yield to marginal changes in the fish stock level.
Journal ArticleDOI
Assessing the values of EC and IT separately and simultaneously and inputs substitution and complement
TL;DR: The empirical results imply that it is important to assess the values of EC and IT simultaneously rather than separately, and revisiting the productivity paradox by using the stochastic frontier approaches, which incorporate the CES production functions.
Journal ArticleDOI
Sector-Specific Factor Subsidies and Employment in a Regional Price-Endogenous Export-Base Model
Eric McVittie,John Swales +1 more
TL;DR: In this article, a variant of the 1-2-3 trade-focused general-equilibrium model is used to calculate the employment effects of factor subsidies applied to the regional export base.
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