Reproduction and fixed capital

Reproduction and fixed capital

by A.B.T.M. van Schaik


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Product Details

ISBN-13: 9789401179720
Publisher: Springer Netherlands
Publication date: 06/05/2012
Series: Tilburg Studies in Economics , #13
Edition description: 1976
Pages: 324
Product dimensions: 5.98(w) x 9.02(h) x 0.03(d)

Table of Contents

1. Single Production.- 1.1. Pure reproduction.- 1.2. Surpluses.- 1.2.1. Balanced growth.- 1.2.2. Non-basics.- 1.3. The distribution of surpluses.- 1.3.1. Labour.- 1.3.2. The solution of the quantity system.- 1.3.3. The solution of the price system.- Appendix 1.a. Lemmas.- 2. Joint Production.- 2.1. Processes and commodities.- 2.1.1. Introduction.- 2.1.2. Non-basics.- 2.2. Weak joint production.- 2.2.1. Identification and process-dependency.- 2.2.2. Cost functions.- 2.3. Strong joint production.- 2.3.1. Negative embodied labour coefficients.- 2.3.2. The numéraire-question.- 2.3.3. Corner-point solutions.- Appendix 2.a. Model 2.1.- Appendix 2.b. Equal input proportions.- Appendix 2.c. Non-basics and equilibrium.- 3. Fixed Capital.- 3.1. Profiles of vintages.- 3.2. The Simple Sraffa model.- 3.2.1. The point-input-flow-output profile.- 3.2.2. Book-values and depreciations.- 3.2.3. The core system.- 3.2.4. The rest-value problem.- 3.2.5. Scrappage and replacement.- 3.2.6. A corner-point solution.- 3.2.7. The equilibrium between savings and investments.- 3.3. The Austrian reproduction model.- 3.3.1. Introduction.- 3.3.2. The flow-input-point-output profile.- 3.3.3. The solution.- 3.3.4. The flow-input-flow-output profile.- 3.4. Unequal life-spans.- 3.4.1. Several machines with a life-span of T years.- 3.4.2. Machines with an unequal life-span.- 3.4.3. Variable coefficients.- 3.5. The Leontief model with fixed capital.- 3.5.1. Misconceptions.- 3.5.2. Morishima’s opinion.- 3.5.3. Comparison with the Sraffa model.- 3.5.4. The opinion of Domar and Lange.- 3.5.5. Bródy’s opinion.- 3.5.6. Generalization.- Appendix 3.a. Generalization of the Simple Sraffa model.- Appendix 3.b. Superimposed joint production.- Appendix 3.c. Unequal life-spans.- 4. Unequal Efficiency.- 4.1. Forms of unequal efficiency.- 4.2. A model with three industries.- 4.3. Loss of productivity.- 4.3.1. Introduction.- 4.3.2. Uniform loss of productivity determined by conditions on the demand side.- 4.3.3. Differentiated loss of productivity determined by conditions on the demand side.- 4.3.4. A corner-point solution.- 4.3.5. Loss of productivity determined by conditions on the supply side.- 4.4. Higher operating costs.- 4.4.1. Introduction.- 4.4.2. Economic life-span.- 4.4.3. Uniform higher operating costs.- 4.4.4. Inefficiency and reswitching of techniques.- 4.5. Conclusion.- Appendix 4.a. The opinions of Burmeister and Dobell.- Appendix A. Outline of the Transformation Problem.- A.1. The surpluses.- A.2. The disposal of surpluses.- A.3. The distribution of surpluses.- Appendix B. International Trade.- B.1. Introduction.- B.2. Assumptions.- B.3. Autarchy.- B.4. Free trade.- B.5. Consequences of free trade.- B.6. Trade without specialization.- Appendix C. The traditional vintage model.- C.1. Introduction.- C.2. The quantity system.- C.3. The price system.- Appendix D. The traverse.- D.1. The Simple Sraffa model.- D.2. Planned traverse.- D.3. Non-planned traverse.- D.4. The neo-Austrian model.

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