UID:
almafu_9960119480402883
Umfang:
1 online resource (xviii, 384 pages) :
,
digital, PDF file(s).
Ausgabe:
1st ed.
ISBN:
0-511-89625-5
Inhalt:
The object of this book is to present a complete, systematic and thorough exposition of the neoclassical theory of production and distribution. Despite this basic objective, each chapter presents extensions of neoclassical theory and interpretations of established relations. The book has two distinct parts. In Part I the microeconomic theories of production, cost and derived input demand are explored in depth for both fixed-proportions and variable-proportions production functions. Special emphasis is placed upon the characteristics and implications of production functions homogeneous of degree one. Part II is devoted chiefly to the neoclassical theory of aggregate relative factor shares, the elasticity of substitution, and technological progress.
Anmerkung:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
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Cover -- Title -- Copyright -- Dedication -- Epigraph -- Contents -- Preface -- Introduction -- 1.1 Scope -- 1.2 Method and level of presentation -- 1.3 Definitions -- 1.4 Assumptions -- 1.5 A caveat -- The Microeconomic Theory of Production -- The Technical Theory of Production under Conditions of Fixed Proportions -- 2.1 Introduction -- 2.2 Technical production with elementary inputs -- 2.3 Technical production with complex inputs page -- 2.4 The theory of production with elementary inputs and multiple production processes -- The Economic Theory of Production under Conditions of Fixed Proportions -- 3.1 Introduction -- 3.2 The expansion path -- 3.3 Graphical determination of the expansion path -- 3.4 Restrictions imposed upon the interpretation of the expansion path -- 3.5 The technical and economic theory of production with discontinuous production functions -- Technical Aspects of Continuous Production Functions: General Theory -- 4.1 Introduction -- 4.2 The production function -- 4.3 Single input variations -- 4.4 The function coefficient -- 4.5 Simultaneous input variations -- Technical Aspects of Continuous Production Functions Homogeneous of Degree One -- 5.1 Introduction -- 5.2 Homogeneous functions -- 5.3 Production functions and the isoquant map: the general case page -- 5.4 Numerical example -- 5.5 Homothetic production functions -- Appendix: A note on Professor Knight's production function -- Economic Theory of Production with Fixed Input Prices -- 6.1 Introduction -- 6.2 Optimal input combinations: cost minimization approach -- 6.3 Optimal input combinations: output maximization approach -- 6.4 Isoquants and comparative statics -- 6.5 The expansion path -- 6.6 Input demand functions -- The Theory of Cost with Fixed Input Prices -- 7.1 Introduction -- 7.2 Analysis of long-run cost -- 7.3 Two examples of cost functions.
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The Economic Theory of Cost and Production with Variable Input Prices -- 8.1 Introduction -- 8.2 Economic theory of production -- 8.3 The theory of cost -- 8.4 Profit maximization and the derived input demand functions -- 8.5 Conclusion -- 'Inferior Factors' and the Theories of Production and Input Demand -- 9.1 Introduction -- 9.2 The model -- 9.3 'Inferior factors' of production -- 9.4 Inferior inputs and commodity price -- 9.5 Inferior inputs and the cross-elasticity of derived input demand functions -- 9.6 Inferior inputs and the output effect of an input price change -- 9.7 Numerical example -- 9.8 Conclusion -- Theory of Multi-Product Firm -- 10.1 Introduction -- 10.2 The Kuhn-Tucker theorems -- 10.3 Economic efficiency: constrained cost minimization -- 10.4 Profit maximization in a multi-product firm -- Macroeconomic Theories of Distribution and Technological Progress -- Technological Progress and the Neoclassical Theory of Production -- 11.1 Introduction -- 11.2 The classification of technological progress page -- 11.3 A general neoclassical model of technological progress -- 11.4 Conclusion -- Technological Progress and the Neoclassical Theory of Distribution -- 12.1 Introduction -- 12.2 Derived demand and the Marshall-Hicks rules -- 12.3 Technological progress and relative factor shares -- 12.4 Simple neoclassical theory -- 12.5 The Cambridge Criticism: a first view -- 12.6 Professor Samuelson's parable -- 12.7 The Cambridge Criticism: second view -- 12.8 Technical considerations -- 12.9 Conclusion -- Vintage Models and Fixed Proportions in Neoclassical Theory -- 13.1 Introduction -- 13.2 Vintage models, or the 'new view' of investment -- 13.3 Vintage models with fixed proportions -- 13.4 An extension of Solow's model -- Learning by Doing -- 14.1 Introduction -- 14.2 Arrow's model -- 14.3 The growth path -- 14.4 Conclusion.
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Appendix: Professor Frankel's variant -- Monopoly and Aggregate Demand as Determinants of Relative Factors Shares -- 15.1 Introduction -- 15.2 The degree of monopoly and labor's relative share -- 15.3 Theories based upon aggregate demand -- Appendix: Capital valuation in Mrs Robinson's model -- Induced Bias of Invention and the Theory of Distributive Shares -- 16.1 Introduction -- 16.2 Induced bias and the theory of distribution -- 16.3 Induced innovations and production functions: the Samuelson model -- 16.4 Generalization of Samuelson's model -- 16.5 Conclusion -- References -- Author Index -- Subject Index.
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English
Weitere Ausg.:
ISBN 0-521-07629-3
Weitere Ausg.:
ISBN 0-521-07453-3
Sprache:
Englisch
URL:
https://doi.org/10.1017/CBO9780511896255
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