A Note on the Elasticity of Derived Demand Under Decreasing Returns.
This article focuses on the elasticity of derived demand for a factor of production under conditions of decreasing returns to scale. The smaller the elasticity, the stronger the trade union power may be expected to be in the industry. Recent studies have been conducted by several researchers on the...
| Publicado en: | American Economic Review Vol. 64; no. 4; pp. 697 - 701 |
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| Formato: | Artículo |
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American Economic Association
Sep74
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4496671&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4496671 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Sep74 vid: 64 iid: 4 pid: 22 pub: American Economic Association artinfo: ui: 4496671 ppf: 697 ppct: 4 formats: tig: atl: A Note on the Elasticity of Derived Demand Under Decreasing Returns. aug: au: Razin, Assaf affil: Department of Economics, Tel-Aviv University su: Elasticity (Economics) Economic demand Demand function Production (Economic theory) Labor unions Economics Imperfect competition sug: subj: Elasticity (Economics) Economic demand Demand function Production (Economic theory) Labor unions Economics Imperfect competition ab: This article focuses on the elasticity of derived demand for a factor of production under conditions of decreasing returns to scale. The smaller the elasticity, the stronger the trade union power may be expected to be in the industry. Recent studies have been conducted by several researchers on the generalizations on the Marshall-Hicks analysis into situations of multiplicity on the factors of production, allowing for various possibilities of substitution and complementary in production. While these studies were done in the context of a perfectly competitive industry, Patrick Yeung developed rules of derived demand in the context of imperfect competition. The traditional analysis is confined, however, to the assumption of constant returns. This assumption may be inappropriate for short-run analyses where some factors of production are temporarily immobile. If one is interested, therefore, in the short-run properties of the demand for factors of production, the assumption of decreasing returns may be more plausible. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1974 holdings: @attributes: islocal: N |
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