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Visualizing Variations in the Analysis of the Choice of Technique

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  • Vienneau, Robert L.

Abstract

This article describes a diagram that depicts how the analysis of the choice of technique varies with perturbations of selected parameters in models of production of commodities. Fluke switch points partition the graph. Three examples are provided, of circulating capital with markup pricing, of fixed capital with structural economic dynamics, and of intensive rent with markup pricing.

Suggested Citation

  • Vienneau, Robert L., 2024. "Visualizing Variations in the Analysis of the Choice of Technique," Centro Sraffa Working Papers CSWP66, Centro di Ricerche e Documentazione "Piero Sraffa".
    • Handle: RePEc:ris:sraffa:0066
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    References listed on IDEAS

    as
    1. Zonghie Han & Bertram Schefold, 2006. "An empirical investigation of paradoxes: reswitching and reverse capital deepening in capital theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(5), pages 737-765, September.
    2. 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.
    3. Harris, Donald J, 1973. "Capital, Distribution, and the Aggregate Production Function," American Economic Review, American Economic Association, vol. 63(1), pages 100-113, March.
    4. Vienneau, Robert L., 2018. "Normal Forms for Switch Point Patterns," Review of Behavioral Economics, now publishers, vol. 5(2), pages 169-195, September.
    5. Vienneau, Robert L., 2019. "Structural economic dynamics, markups, real Wicksell effects, and the reverse substitution of labor," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 216-226.
    6. Saverio M. Fratini, 2019. "A note on re-switching, the average period of production and the Austrian business-cycle theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 363-374, December.
    7. 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.
    8. Robert L. Vienneau, 2024. "Characteristics of Labor Markets Varying with Perturbations of Relative Markups," Review of Political Economy, Taylor & Francis Journals, vol. 36(2), pages 827-843, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Choice of technique; Fixed Capital; Rent; Markup Pricing;
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