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Title: |
Global Sensitivity of Neoclassical and Factor
Proportions Models to Production Technology |
| Author: |
Ford, Jon M.;
Thompson, Henry |
| Author
Affiliation: |
U TX,
Arlington; Auburn U |
| Source: |
International Economic Journal, Autumn 1997, v. 11, no. 3, pp. 61-74 |
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Publication Date: |
Autumn 1997 |
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Abstract: |
This paper pictures the global influence
of various patterns of returns to scale in the general equilibrium model
of production with two factors and two goods. Constant, increasing, and
decreasing returns to scale at the sectoral level are explicitly
specified. The changing slope and curvature of contract curves,
isoquants, production frontiers and relative price lines are examined
under various Cobb-Douglas and exponential production functions.
Fundamental properties of neoclassical and factor proportions theory are
thus illustrated. |
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