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Journal ArticleDOI

Capital-labor substitution and economic efficiency

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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.

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Prices, Labour Demand and Real Output in the New Zealand Economy: An Econometric Application

TL;DR: In this paper, the authors present an investigation into one of the processes by which prices could have been set in New Zealand over about the last twenty years; it does not concern itself with any process by which wages may have been determined, as the particular price process is for a representative firm which treats its wage rate as predetermined.
Journal ArticleDOI

The invisible hand of Laplace: The role of market structure in price convergence and oscillation

TL;DR: In this article, a scaling law for Arrow-Debreu markets with price signaling driven by continuous-time proportional-tâtonnement has been proposed, which is the first characterization of price stability in terms of market connectivity.
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