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Anomalous Switch Points

Author

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  • Robert L. Vienneau

Abstract

This article presents examples of models of rent with decreasing wage frontiers; with unique, square cost-minimizing techniques at a given rate of profits; but without the wage maximization property. Anomalous switch points are highlighted, where an anomalous switch point has properties that contrast with generic switch points in models of circulating capital. This article presents a numerical example of a switch point along a single wage curve, with no other wage curve intersecting at the switch point. Other numerical examples are of switch points in which only the scale, not the operated processes, vary between the cost-minimizing techniques at the switch point. A fake switch point is presented in which prices vary only for goods which are not commodities under the non-cost minimizing technique, also known as ghost commodities.

Suggested Citation

  • Robert L. Vienneau, 2026. "Anomalous Switch Points," Centro Sraffa Working Papers CSWP76, Centro di Ricerche e Documentazione 'Piero Sraffa'.
    • Handle: RePEc:ris:sraffa:023230
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    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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