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• W2746155892 abstract "This chapter discusses holotheticity of a technology. Many economists have attempted to study technical progress and production functions to ascertain the impact of technological changes under different assumptions on economic variables, such as prices of factor inputs, their distributive shares, and factor requirements and the degree of scale effects. Several new concepts have been introduced, such as homothetic production functions, neutrality of inventions, and optimal returns to scale. The chapter explains that economies of scale are potentially of the same order of magnitude as technical progress. Economies of scale can manifest themselves in many ways. They may generate a homogeneous but nonlinear production function with constant-scale elasticity. They may underlie a homothetic production function with variable-scale elasticity, or they may even generate a nonhomothetic production function." @default.
• W2746155892 created "2017-08-31" @default.
• W2746155892 creator A5028399127 @default.
• W2746155892 date "1981-01-01" @default.
• W2746155892 modified "2023-09-24" @default.
• W2746155892 title "HOLOTHETICITY OF A TECHNOLOGY11Parts of this chapter are based on my earlier paper (Sato [1975]), where the concept of holotheticity is first introduced." @default.
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• W2746155892 doi "https://doi.org/10.1016/b978-0-12-619460-9.50007-x" @default.
• W2746155892 hasPublicationYear "1981" @default.
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