marginal productivity
Admission control and routing to parallel queues with delayed information via marginal productivity indices
... In this paper we build on the results of [3] and [9] and prove the existence of an optimal index policy, a sort of dual concept to threshold policies, for the admission control prob- lem with delay (see section 3 for the ...
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Still More on Why We Should Bury the Marginal Productivity Theory of the Price of Capital : a Supplementary Note
... The purpose of this note is to supplement the author’s earlier remarks on the unsatisfactory nature of the neoclassical account of how the return on capital is determined. (See Strathclyde Discussion Paper 12-03: “The ...
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Does Marginal Productivity Mean Anything in Real Economic Life ?
... and marginal productivity generally leaves to be desired: for instance, Barone evacuates the problem of reconciliation with too much ...of marginal productivity extends to the remuneration of ...
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On the Samuelson Etula Master Function and Marginal Productivity: some old and new critical remarks
... having marginal products for the individual capital goods as well as the original ...if marginal productivity is associated, as is usually the case, with a change in the methods of production in use, ...
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The Marginal Productivity Theory of the Price of Capital : An Historical Perspective on the Origins of the Codswallop
... enhanced productivity and allowed a country’s escape from poverty, how the fruits of development were distributed and what role the government should, in the national interest, ...
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Rapeseed (Brassica napus) Varieties Performance under Soil Moisture Stressed and Non-stressed Condition in Terai Region of Nepal
... indices marginal productivity, geometric mean productivity and stress tolerance indices are selective indices in our study to identify the stress tolerant rapeseed ...
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Labour Market Rigidity and Economic Efficiency with Non General Purpose Technical Change
... their productivity is, ceteris paribus, the same in the two ...factor productivity is higher when specific skill workers are ...the marginal productivity of specific and general skill labour ...
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Time constrained restless bandits and the knapsack problem for perishable items (Extended Abstract)
... Motivated by a food promotion problem, we introduce the Knapsack Problem for Perishable Items (KPPI) to address a dynamic problem of optimally filling a knap- sack with items that disappear randomly. The KPPI naturally ...
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Two sided Intergenerational Transfer Policy and Economic Development: A Politico economic Approach
... economic development. A child’s human capital depends on public educa- tion and parental human capital. Furthermore, we assume that there exists complementarity between these factors. That is, the marginal ...
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Effect of smoking and other economic variables on wages in the Euro Area
... higher marginal productivity relative to individuals that do not seem to be in good ...the marginal product of labour is also related to the level of education and how long the worker has been ...the ...
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Keynes on the Marginal Efficiency of Capital and the Great Depression
... the marginal productivity as this can be judged from the following: «If capital becomes less scarce, the excess yield will diminish, without its having become less productive — at least in the physical ...
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14lowwages.pdf
... years of education of the population is lower than some other states, economists reason that North Carolina workers have a lower marginal. productivity than workers elsewhere, and accord[r] ...
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Production function analysis of small rubber farms in Sri Lanka
... The marginal productivity for farm size or land indicated that for one acre increase in farm size, there could be an increase of 571 lbs to PB86 output, and 565 lbs to the Tjir 1 output;[r] ...
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Neoclassical versus Neoricardian Schools on Wage Determination
... The marginal productivity theory tells that each factor of production or input is paid according to its marginal productivity which can be calculated adding or withdrawing one unit of that ...
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Employment Effects of Minimum Wages in Inflexible Labor Markets
... In the model, there are workers who work their desired hours and workers who work their required minimums. Moreover, there are three groups of nonworkers. The …rst group consists of the ones who willingly opt out of the ...
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Firm productivity and export under non constant marginal costs
... Our paper can be related to the literature on firm size and exporting. While the relationship between firm size and export propensity is considered to be positive (Bonaccorsi, 1992), the evidence on the relationship ...
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University Competition, Grading Standards and Grade Inflation
... the marginal “A” student at a top university is less able than the marginal “A” student at a lesser ...a marginal student at a top school can free ride on the better upper tail of students be- cause ...
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The Effects of Ability Grouping on Gifted & Talented Third, Fourth, and Fifth Grade Students in Selected South Carolina Public School Districts
... Second, when taking into account the quadratic relationship, we are allowing the possibility for there to exist some degree of separation among groups as a result of non- cooperation or lack of trust. Ethnic ...
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Economics of Brinjal Production in South Gujarat
... the marginal value products of different factors and the factor prices were ...the marginal value products of those inputs which were statistically significant, were worked ...estimated marginal ...
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Productivity and Profitability for Poplar on Fertile and Marginal Sandy Soils with Different Fertilization and Planting-Density Treatments.
... soils. Marginal soils had lower break-even prices for all treatments and planting densities compared to fertile soils because of lower weed control costs on marginal ...
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