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Keywords: Choice of technique
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics (2018) 5 (2): 169–195.
Published: 13 September 2018
...Robert L. Vienneau The choice of technique can be analyzed, in a circulating-capital model of prices of production, by constructing the wage frontier. Switch points arise when more than one technique is costminimizing for a specified rate of profits. This article defines four normal forms...
