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INTERRELATED DEMAND FOR CAPITAL AND LABOR IN A GLOBALLY OPTIMAL FLEXIBLE ACCELERATOR MODEL.

This is a study of interrelated demand for capital and labor. In a purely static model capital and labor demand functions will usually contain common production function parameters and prices and thus may be viewed as a system of interrelated equations. There are two additional reasons why the inter...

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Published in:Review of Economics & Statistics Vol. 60; no. 1; pp. 25 - 41
Main Author: Faurot, David J.
Format: Article
Published: MIT Press Feb78
Subjects:
Economic demand
Capital
Labor
Economic equilibrium
Production functions (Economic theory)
Cost
Economics
Demand function
Online Access:View this record in EBSCOhost