A NEW DEVELOPMENT IN THE MARGINAL PRODUCTIVITY THEORY OF FACTOR DEMAND
2018
Robinson, Lindon J.
This paper proves a new theory that achieves for all functions what Euler's *theorem does for linearly homogeneous functions; that is, it exhausts the output among the inputs. The resulting factor shares are shown to be consistent with the marginal productivity of factor demand.
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http://ageconsearch.umn.edu/record/279308
2021-02-15
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