In micro-economic theory much room is given to the discussion of inhomogeneous production functions, or more precisely, production functions with a monotonically decreasing elasticity of scale. On the ...
The Hitotsubashi Journal of Economics was first published by Hitotsubashi University in October 1960. Now, it is published bi-annually and is open to all researchers in the field of economics. In ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Most macroeconomic models assume that aggregate output is generated by a specification for the production function with ...
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