Reswitching And Decreasing Demand For Capital
We consider a model of production with a continuum of linear techniques and examine the related choice of technique and shape of the demand for capital schedule. The primary conclusion regards the possibility of a decreasing demand for capital schedule combined with reswitching and reverse capital deepening.
|Date of creation:||2009|
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Web page: https://mpra.ub.uni-muenchen.de
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- P. Garegnani, 1970. "Heterogeneous Capital, the Production Function and the Theory of Distribution," Review of Economic Studies, Oxford University Press, vol. 37(3), pages 407-436.
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- Tatsuo Hatta, 1976. "The Paradox in Capital Theory and Complementarity of Inputs," Review of Economic Studies, Oxford University Press, vol. 43(1), pages 127-142.
- Burmeister,Edwin, 1980. "Capital Theory and Dynamics," Cambridge Books, Cambridge University Press, number 9780521297035, September.
- Schefold, Bertram, 2008. "C.E.S. production functions in the light of the Cambridge critique," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 783-797, June.
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