Record Details

Are Financial Variables Inputs in Delivered Production Functions?

Economic Analysis Review

View Archive Info
 
 
Field Value
 
Title Are Financial Variables Inputs in Delivered Production Functions?
Are Financial Variables Inputs in Delivered Production Functions?
 
Creator Betancourt, Roger
Kiguel, Miguel
 
Description Fischer's classic (1974) paper develops conditions under which it is appropriate to use money as an input in a 'delivered' production function. In this paper, we extend Fischer's model I (the Baumol-Tobin inventory approach) by incorporating credit into the analysis. Our investigation of the extended model brings out a very restrictive but necessary implicit assumption employed by Fischer to treat money as an input. Namely. that there exists a binding constraint on the use of money! A similar result holds for our more general model.
Fischer's classic (1974) paper develops conditions under which it is appropriate to use money as an input in a 'delivered' production function. In this paper, we extend Fischer's model I (the Baumol-Tobin inventory approach) by incorporating credit into the analysis. Our investigation of the extended model brings out a very restrictive but necessary implicit assumption employed by Fischer to treat money as an input. Namely. that there exists a binding constraint on the use of money! A similar result holds for our more general model.
 
Publisher Universidad Alberto Hurtado - Facultad de Economía y Negocios
 
Contributor —
—
 
Date 2010-03-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
—
 
Format application/pdf
 
Identifier http://www.rae-ear.org/index.php/rae/article/view/165
 
Source Revista de Análisis Económico - Economic Analysis Review; Vol 10, No 1 (1995); 3-17
Revista de Análisis Económico – Economic Analysis Review; Vol 10, No 1 (1995); 3-17
0718-8870
0716-5927
 
Language eng
 
Relation http://www.rae-ear.org/index.php/rae/article/view/165/295