Faculty of Economics and Business Administration Publications Database

The Dominant Technique in Joint Production Systems

Volume: 12
Number: 1
Pages: 97 - 123
Month: March
ISSN-Print: 0309-166X
Link External Source: Online Version
Year: 1988
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.