Titlebook: Topics in Production Theory; Finn R. F?rsund Book 1984 The Scandinavian Journal of Economics 1984 business.industries.production

Commentary

Aggregating Quasi-fixed Factorss are considered, one based on a form of Hicks’ aggregation and the other on weak separability. It is argued that the latter is not relevant to practical situations. On the other hand, the former can be used to justify empirical dynamic factor demand studies which employ aggregated input categories.

Aphorism

Harness

Inflamed

為現(xiàn)場

夸張

Production and Maintenance: Joint Activities of the Firmlar, increased utilisation will generally result in a more rapid depreciation of the capital stock, other things being equal, and depreciation is a component of the user cost of capital. It is argued that observed rates of depreciation based on capital consumption published in official sources and u