Ricardian rent, factor quality variations, and the testable implications of production function ‘regularity’
Bibliographic Data
| ID | 12229200 |
|---|---|
| Authors | Edward M Miller (University of New Orleans, corresponding author) |
| Year | 1992 |
| Volume | 4 |
| Issue | 4 |
| Pages | 467-483 |
| Publication date | 1992-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0953-8259 • E-ISSN: 1465-3982 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/09538259200000030 |
| OpenAlex | W1984562453 |
| Language | EN |
| References cited | 13 |
With quality variations in a factor affecting inputs of other factors, production functions are not strictly quasi-concave and inputs are not a function of factor prices and firm output. The absence of strict quasi-concavity holds also with aggregation. In aggregation systems where capital inputs are proportional to rent (a highly desirable characteristic), the nature of factor quality variations suggests that isoquants will typically have linear segments unless rent and capacity are always equal, a condition that is seldom if ever met
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| Highly cited | No |
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