Induced Factor Augmenting Technical Progress from a Microeconomic Viewpoint

DOI10.2307/1910442zbMath0184.45101OpenAlexW2015676240MaRDI QIDQ5576698

Nancy L. Schwartz, Morton I. Kamien

Publication date: 1969

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1910442

zbMATH Keywords

profit maximizing firmfactor augmentationHick's theory of induced technical change

Mathematics Subject Classification ID

Decision theory (91B06) Production theory, theory of the firm (91B38)

Related Items (5)

Existence and transversality conditions for a general `unbounded-horizon' model of the mining firm ⋮ Bargaining over productivity and wages when technical change is induced: implications for growth, distribution, and employment ⋮ THEORY OF THE FIRM WITH INDUCED TECHNICAL CHANGE ⋮ Scarcity, regulation and endogenous technical progress ⋮ Endogenous aggregate elasticity of substitution

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