An implicit model of adjustment costs in differential input demand systems
This study provides a theoretical framework for implicitly accounting for adjustment costs in differential systems of factor demand relationships. Differential factor demand relationships, as they are represented by parameters of the cost function, are generally assumed to be linear in the parameter...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2018-06-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1333.pdf
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