Visualizing Variations in the Analysis of the Choice of Technique

Robert L. Vienneau ()

No CSWP66, Centro Sraffa Working Papers from Centro di Ricerche e Documentazione "Piero Sraffa"

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.

Keywords: Choice of technique; Fixed Capital; Rent; Markup Pricing (search for similar items in EconPapers)
Pages: 21 pages
Date: 2024-07-22
New Economics Papers: this item is included in nep-dcm
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sraffa:0066

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