Synopsis
The present study introduces the Par Production Technology. The CES and Par Production Technologies differ most in the following feature. In CES Technology the ratio of the income shares is not limited and the shares vary from 0 to 1 or vice versa depending on the ratio of (the two) inputs. In Par Technology the ratio of the income shares is finite and the limits are controlled by the distribution limit parameter(s). Both technologies supply a different system for the optimisation as they demand separate forms for the icome share equations. The Impossibility Theorem, proved by Uzawa (1968), implies that the CES production function can not be generalised on n (n>2) variables with arbitrary values of the partial elasticities. It could be inferred, that the relative income shares should have limited areas which are more narrow than between 0 and 1 in case the number of input variables is bigger than 2. The Par production function described here can be used in theoretical and empirical work both in the basic nonlinear and the linearised forms.
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About the Author
In this work we compare the CES Production Technology to the Par Production Technology. The comparison is done by using the neoclassical concepts of production theory. As the Par Production Technology is mathematically an economical generalisation of the logarithmic mean, the comparisons reveal new features in the CES Technology as well.
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The CES and Par Production Functions and Income Distribution
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LAP LAMBERT Academic Publishing, 2013
ISBN 10: 365950744X
ISBN 13: 9783659507441
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The CES and Par Production Functions and Income Distribution
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The present study introduces the Par Production Technology. The CES and Par Production Technologies differ most in the following feature. In CES Technology the ratio of the income shares is not limited and the shares vary from 0 to 1 or vice versa depending on the ratio of (the two) inputs. In Par Technology the ratio of the income shares is finite and the limits are controlled by the distribution limit parameter(s). Both technologies supply a different system for the optimisation as they demand separate forms for the icome share equations. The Impossibility Theorem, proved by Uzawa (1968), implies that the CES production function can not be generalised on n (n2) variables with arbitrary values of the partial elasticities. It could be inferred, that the relative income shares should have limited areas which are more narrow than between 0 and 1 in case the number of input variables is bigger than 2. The Par production function described here can be used in theoretical and empirical work both in the basic nonlinear and the linearised forms. 124 pp. Englisch. Seller Inventory # 9783659507441
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The Ces and Par Production Functions and Income Distribution
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The Ces and Par Production Functions and Income Distribution
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Tenhunen LauriIn this work we compare the CES Production Technology to the Par Production Technology. The comparison is done by using the neoclassical concepts of production theory. As the Par Production Technology is mathematically . Seller Inventory # 5160966
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The Ces and Par Production Functions and Income Distribution
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ISBN 13: 9783659507441
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The CES and Par Production Functions and Income Distribution
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -The present study introduces the Par Production Technology. The CES and Par Production Technologies differ most in the following feature. In CES Technology the ratio of the income shares is not limited and the shares vary from 0 to 1 or vice versa depending on the ratio of (the two) inputs. In Par Technology the ratio of the income shares is finite and the limits are controlled by the distribution limit parameter(s). Both technologies supply a different system for the optimisation as they demand separate forms for the icome share equations. The Impossibility Theorem, proved by Uzawa (1968), implies that the CES production function can not be generalised on n (n>2) variables with arbitrary values of the partial elasticities. It could be inferred, that the relative income shares should have limited areas which are more narrow than between 0 and 1 in case the number of input variables is bigger than 2. The Par production function described here can be used in theoretical and empirical work both in the basic nonlinear and the linearised forms.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 124 pp. Englisch. Seller Inventory # 9783659507441
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The CES and Par Production Functions and Income Distribution
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LAP LAMBERT Academic Publishing, 2013
ISBN 10: 365950744X
ISBN 13: 9783659507441
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The present study introduces the Par Production Technology. The CES and Par Production Technologies differ most in the following feature. In CES Technology the ratio of the income shares is not limited and the shares vary from 0 to 1 or vice versa depending on the ratio of (the two) inputs. In Par Technology the ratio of the income shares is finite and the limits are controlled by the distribution limit parameter(s). Both technologies supply a different system for the optimisation as they demand separate forms for the icome share equations. The Impossibility Theorem, proved by Uzawa (1968), implies that the CES production function can not be generalised on n (n2) variables with arbitrary values of the partial elasticities. It could be inferred, that the relative income shares should have limited areas which are more narrow than between 0 and 1 in case the number of input variables is bigger than 2. The Par production function described here can be used in theoretical and empirical work both in the basic nonlinear and the linearised forms. Seller Inventory # 9783659507441
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The CES and Par Production Functions and Income Distribution
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ISBN 10: 365950744X
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Taschenbuch. Condition: Neu. The CES and Par Production Functions and Income Distribution | Lauri Tenhunen | Taschenbuch | 124 S. | Englisch | 2014 | LAP LAMBERT Academic Publishing | EAN 9783659507441 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu. Seller Inventory # 105503591