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Separability and AggregationThe Collected Works of W. M. Gorman, Volume I$
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W. M. Gorman, C. Blackorby, and A. F. Shorrocks

Print publication date: 1996

Print ISBN-13: 9780198285212

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198285213.001.0001

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Measuring the Quantities of Fixed Factors

Measuring the Quantities of Fixed Factors

Chapter:
(p.321) 19 Measuring the Quantities of Fixed Factors
Source:
Separability and Aggregation
Author(s):

W. M. Gorman (Contributor Webpage)

, C. Blackorby, A. F. Shorrocks
Publisher:
Oxford University Press
DOI:10.1093/0198285213.003.0019

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 generalization of ’Capital aggregation in vintage models’ (Ch. 18) and is mathematically somewhat more elegant. This time the problem is posed in terms of gross profit functions and technology sets. In addition, the problem is solved for arbitrary numbers of aggregates––a problem only touched upon in Ch. 18.

Keywords:   aggregates, aggregation, capital aggregation, fixed factors, gross profit functions, technology sets, vintage models

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