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Reswitching in a Model of Extensive Rent

Author

Listed:
  • Robert L. Vienneau

    (Independent Researcher)

Abstract

This article presents an example of the reswitching of the order of fertility and of the order of rentability. Whether or not these orders differ from one another varies with distribution for certain parameter ranges in the example. This analysis emphasizes that more rent per acre is not necessarily associated with more fertile land and that the ranking of lands by fertility cannot, in general, be determined from only data on physical inputs and outputs for the available processes.

Suggested Citation

  • Robert L. Vienneau, 2022. "Reswitching in a Model of Extensive Rent," Bulletin of Political Economy, Bulletin of Political Economy, vol. 16(2), pages 133-146, December.
    • Handle: RePEc:awu:journl:v:16:y:2022:i:2:p:133-146
    as

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    References listed on IDEAS

    as
    1. Christian Bidard & Edith Klimovsky, 2004. "Switches and fake switches in methods of production," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(1), pages 89-97, January.
    2. Vienneau, Robert L., 2021. "Fluke Switch Points in Pure Fixed Capital Systems," Centro Sraffa Working Papers CSWP48, Centro di Ricerche e Documentazione "Piero Sraffa".
    3. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    4. Baranzini,Mauro L. & Rotondi,Claudia & Scazzieri,Roberto (ed.), 2015. "Resources, Production and Structural Dynamics," Cambridge Books, Cambridge University Press, number 9781107079090.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Choice of technique; Rent; Cambridge Capital Controversy;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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