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Increasing Employment, Diminishing Returns, and Relative Shares*

Published online by Cambridge University Press:  07 November 2014

D. E. Horlacher  and
E. Smolensky
D. E. Horlacher
Affiliation:
Buckley University
E. Smolensky
Affiliation:
University of Pennsylvania
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Abstract

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Type
Notes and Memoranda
Information
Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 26 , Issue 1 , February 1960 , pp. 143 - 147
Copyright
Copyright © Canadian Political Science Association 1960

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Footnotes

*

The authors are grateful for the assistance of Professors Weintraub, Davidson and Brown, and Ronald Bodkin.

References

1 “A Clarification of the Ricardian Rent Share,” this Journal, XXV, no. 2, 05, 1959, 190–5.Google Scholar

2 These conditions are pure competition in the factor market and a continuous, monotonie, aggregate production function in the range of rational factor hire.

3 An Approach to the Theory of Income Distribution (Philadelphia, 1958).Google Scholar

4 Kravis, I., “Relative Shares in Fact and Theory,” American Economic Review, Dec., 1959.Google Scholar

5 Weintraub, , An Approach to the Theory of Income Distribution, 51.Google Scholar

6 It is interesting to note that S. Carlson, upon whom Davidson relies for his proof, draws a production function from this family, but incorrectly sketches A = M at zero employment. Carlson, S., Pure Theory of Production (London, 1939), 56.Google Scholar

7 “Diminishing Returns and the Relative Share of Labour,” Quarterly Journal of Economics, Nov., 1953.

8 Davidson, , “A Clarification of the Ricardian Rent Share,” 192.Google Scholar