Anomalous Switch Points

Robert L. Vienneau

No CSWP76, Centro Sraffa Working Papers from Centro di Ricerche e Documentazione 'Piero Sraffa'

Abstract: This article presents examples of models of rent with decreasing wage frontiers; with unique, square cost-minimizing techniques at a given rate of profits; but without the wage maximization property. Anomalous switch points are highlighted, where an anomalous switch point has properties that contrast with generic switch points in models of circulating capital. This article presents a numerical example of a switch point along a single wage curve, with no other wage curve intersecting at the switch point. Other numerical examples are of switch points in which only the scale, not the operated processes, vary between the cost-minimizing techniques at the switch point. A fake switch point is presented in which prices vary only for goods which are not commodities under the non-cost minimizing technique, also known as ghost commodities.

Keywords: Cambridge Capital Controversy; Fixed Capital; Rent (search for similar items in EconPapers)
JEL-codes: B51 C67 D24 D33 Q13 (search for similar items in EconPapers)
Pages: 36
Date: 2026-07
New Economics Papers: this item is included in nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sraffa:023230

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