The Production Function and the Theory of Distributive Shares.
This article suggests elements of a complete theory of distributive shares by deriving the different concepts of the elasticity of substitution required in different contexts. The first section briefly discusses the model of production and distribution in the multifactor case. The second section ana...
| Publicado en: | American Economic Review Vol. 63; no. 3; pp. 484 - 490 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
Jun73
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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=4507992&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4507992 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Jun73 vid: 63 iid: 3 pid: 22 pub: American Economic Association artinfo: ui: 4507992 ppf: 484 ppct: 6 formats: tig: atl: The Production Function and the Theory of Distributive Shares. aug: au: Sato, Kyuzo Koizumi, Tetsunori affil: Professor of economics, Brown University Assistant professor of economics, Ohio State University su: Elasticity (Economics) Demand function Economic demand Economics Labor sug: subj: Elasticity (Economics) Demand function Economic demand Economics Labor ab: This article suggests elements of a complete theory of distributive shares by deriving the different concepts of the elasticity of substitution required in different contexts. The first section briefly discusses the model of production and distribution in the multifactor case. The second section analyzes the role of the Samuelson elasticity and the partial elasticities. The third section discusses the direct and shadow elasticities. In Addition, other elasticities are introduces to analyze the variety of problems one encounters in real life. In the presence of multiple factors interesting questions can be asked about the effects on the various ratios of factor shares. Thus, supposing that there is an increase in the ratio of black over white laborers, how will this affect the ratio of factor shares between these two classes of laborers--black, white, and brown. Then, supposing that a firm decides to increase the use of brown laborers, how will this affect the relative income position of one class of laborers against other classes of laborers? Extending the argument in this manner, one may in general ask about the effect on the ratio of factor shares between two groups of factor inputs. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1973 holdings: @attributes: islocal: N |
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