Comments on Scott Carter
Robert Solow
A chapter in Research in Political Economy, 2014, vol. 29, pp 63-67 from Emerald Group Publishing Limited
Abstract:
Sraffian's concept or metaphor of a “pool profits” is theoretically pointless and empirically irrelevant. The appropriate calculation is the variation of the equilibrium price vector along the factor price frontier.
Keywords: Pool of profits; factor; price; frontier (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rpeczz:s0161-723020140000029000
DOI: 10.1108/S0161-723020140000029000
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