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Aggregating Quasi-Fixed Factors

Epstein, Larry G.

The Scandinavian journal of economics, 1983-01, Vol.85 (2), p.191-205 [Periódico revisado por pares]

Oxford, etc: The Scandinavian Journal of Economics

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Título:
Aggregating Quasi-Fixed Factors
Autor: Epstein, Larry G.
Assuntos: Aggregation ; Aggregation, Quasi-Fixed Factors and Cost of Adjustment ; Aggregations ; Capital stocks ; Demand ; Economic expectations ; Economic models ; Economic theory ; Economic value ; Epistemic justification ; Factors ; Price level changes ; Problems ; Production functions ; Scalar multiple
É parte de: The Scandinavian journal of economics, 1983-01, Vol.85 (2), p.191-205
Descrição: The problem of aggregating quasi-fixed factors within the context of the adjustment-cost model is addressed. Two alternative theoretical justifications 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. Some implications for data construction procedures are discussed.
Editor: Oxford, etc: The Scandinavian Journal of Economics
Idioma: Inglês

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