The Dominant Technique in Joint Production Systems

B Schefold

Cambridge Journal of Economics, 1988, vol. 12, issue 1, 97-123

Abstract: This paper argues that the essential properties of the wage curves of single product systems hold also with joint production-hence, the mai n tool for the analysis of accumulation with technical progress, used with single product systems, can also be used here. The wage curve still expresses the trade-off between wages and profits. It is geometrically identical with the curve relating consumption per head and the rate of growth. Copyright 1988 by Oxford University Press.

Date: 1988
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