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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On the origin of r-concavity and related concepts
TL;DR: A translation of the parts of Martos (1966) that are directly related to generalized concavity can be found in this paper, where a surprisingly short proof of the univariate Prekopa-Borell theorem is given.
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Modeling household behavior in a CGE model: linear expenditure system or indirect addilog?
TL;DR: In this paper, the authors argue that household preferences should be modeled by the indirect addilog system (IAS) rather than by the frequently used linear expenditure system (LES) in a computable general equilibrium model.
Journal ArticleDOI
Comment on “The endogenous aggregate elasticity of substitution for a small open economy”
Kaz Miyagiwa,Kaz Miyagiwa +1 more
TL;DR: Miyagiwa and Papageorgiou as discussed by the authors applied the approach of Miyagiwa et al. to provide simple frameworks for endogenizing the aggregate elasticity of substitution between capital and labor for a growing small open economy.
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T\^atonnement, Approach to Equilibrium and Excess Volatility in Firm Networks
TL;DR: In this article, the authors study the conditions under which input-output networks can dynamically attain competitive equilibrium, where markets clear and profits are zero, and show that the time needed to reach equilibrium diverges as the system approaches an instability point beyond which the Hawkins-Simons condition is violated and competitive equilibrium is no longer realisable.
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CES as an Organizational Production Function
TL;DR: In this article, the authors argue that the efficiency of an organization depends on the voluntary compliance of team members to organizational goals, mechanisms of coordination that can ensure cooperation and trust, and an appropriate allocation of capital and other resources.
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