In linear production models, a switching of technique consists, in general, of a discontinuous variation of a plurality of technical coefficients and of the capital/labor ratio. This result has often been claimed to hold only with discrete technologies; when techniques crowd indefinitely along the wage-profit frontier this approximates to traditional smooth behavior. This conjecture is disproved in this article: in general, technical coefficients and the capital/labor ratio vary discontinuously, either with a discrete or with a continuum spectrum of techniques along the wage-profit frontier.
Bellino, E., Continuous Switching of Techniques in Linear Production Models, <<MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES>>, 1993; (vol. LXI, n. 2): 185-201. [doi:10.1111/j.1467-9957.1993.tb00231.x] [http://hdl.handle.net/10807/61029]
Continuous Switching of Techniques in Linear Production Models
Bellino, Enrico
1993
Abstract
In linear production models, a switching of technique consists, in general, of a discontinuous variation of a plurality of technical coefficients and of the capital/labor ratio. This result has often been claimed to hold only with discrete technologies; when techniques crowd indefinitely along the wage-profit frontier this approximates to traditional smooth behavior. This conjecture is disproved in this article: in general, technical coefficients and the capital/labor ratio vary discontinuously, either with a discrete or with a continuum spectrum of techniques along the wage-profit frontier.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.