- Title Pages
- Preface
- 1 Separability
- 2 Two‐Stage Budgeting
- 3 Separable Utility and Aggregation
- 4 Notes on Divisia Indices
- 5 Consumer Budgets and Price Indices
- 6 Professor Friedman's Consumption Function and the Theory of Choice
- 7 Quasi‐Separable Preferences, Costs, and Technologies
- 8 Separability and Linear Engel Curves
- 9 The Concavity of Additive Utility Functions
- 10 Pseudo‐Separability
- 11 Conditions for Additive Separability
- 12 The Structure of Utility Functions
- 13 Conditions for Generalized Additive Separability
- 14 Facing an Uncertain Future
- 15 Community Preference Fields
- 16 Klein Aggregates and Conventional Index Numbers
- 17 On a Class of Preference Fields
- 18 Capital Aggregation in Vintage Models
- 19 Measuring the Quantities of Fixed Factors
- 20 Some Engel Curves
- 21 More Measures for Fixed Factors
- 22 Muellbauer's Representative Consumer
- 23 Assembling Efficient Organizations?
- 24 Aggregates for Variable Goods: An Application of Duality
- 25 Aggregation in the Short and Long Run
- 26 Long‐Run Aggregates Under Constant Returns
- References
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
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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- Title Pages
- Preface
- 1 Separability
- 2 Two‐Stage Budgeting
- 3 Separable Utility and Aggregation
- 4 Notes on Divisia Indices
- 5 Consumer Budgets and Price Indices
- 6 Professor Friedman's Consumption Function and the Theory of Choice
- 7 Quasi‐Separable Preferences, Costs, and Technologies
- 8 Separability and Linear Engel Curves
- 9 The Concavity of Additive Utility Functions
- 10 Pseudo‐Separability
- 11 Conditions for Additive Separability
- 12 The Structure of Utility Functions
- 13 Conditions for Generalized Additive Separability
- 14 Facing an Uncertain Future
- 15 Community Preference Fields
- 16 Klein Aggregates and Conventional Index Numbers
- 17 On a Class of Preference Fields
- 18 Capital Aggregation in Vintage Models
- 19 Measuring the Quantities of Fixed Factors
- 20 Some Engel Curves
- 21 More Measures for Fixed Factors
- 22 Muellbauer's Representative Consumer
- 23 Assembling Efficient Organizations?
- 24 Aggregates for Variable Goods: An Application of Duality
- 25 Aggregation in the Short and Long Run
- 26 Long‐Run Aggregates Under Constant Returns
- References
