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Measuring the Quantities of Fixed Factors

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

in Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.003.0019
Subject:
Economics and Finance, Microeconomics

This paper appeared in the Hicks Festschrift in 1968 (Value, Capital and Growth: Essays in Honour of Sir John Hicks, ed. J. N. Wolfe. Edinburgh: Edinburgh University Press). It is a substantial ... More


Capital Aggregation in Vintage Models

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

in Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.003.0018
Subject:
Economics and Finance, Microeconomics

This is an unpublished paper on the problem of capital aggregation in vintage models, which was presented at the First World Congress of the Econometric Society in Rome in 1965. At the beginning of ... More


More Measures for Fixed Factors

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

in Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.003.0021
Subject:
Economics and Finance, Microeconomics

This paper was published in 1990 in Measurement and Modelling in Economics (ed. G. D. Myles. Amsterdam: North Holland), and in many ways is the culmination of Gorman's aggregation project, which ... More


The Concavity of Additive Utility Functions

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

in Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.003.0009
Subject:
Economics and Finance, Microeconomics

This paper is from an unpublished typescript from the University of North Carolina (1970). When confronted with additivity, it is far more convenient to use profit functions than cost functions or ... More


Squiggly Economics

Robert G. Chambers

in Competitive Agents in Certain and Uncertain Markets

Published in print:
2021
Published Online:
December 2020
ISBN:
9780190063016
eISBN:
9780190063047
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190063016.003.0004
Subject:
Economics and Finance, Econometrics, Microeconomics

Three generic economic optimization problems (expenditure (cost) minimization, revenue maximization, and profit maximization) are studied using the mathematical tools developed in Chapters 2 and 3. ... More


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