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Now showing items 111-120 of 124
The Ohlin-Keynes Debate on the German Interwar Reparations Revisited
(2008)
This paper analyzes the debate between Ohlin and Keynes on the question as to whether Germany was able to make the payments specified in the Dawes Plan. Keynes argued that Germany was able to collect the money but unable ...
Choice of Flexible Production Technologies Under Strategic Delegation
(2004-09)
This work analyzes a managerial delegation model in which firms can choose between a flexible production technology which allows them to produce two different products and a dedicated production technology which limits ...
Mas-Colell, Whinston and Green Versus Scitovsky on Profit and Utility Maximization
(2005)
I contrast the theoretical foundation of profit maximization of Mas-Colell, Whinston and Green’s “Microeconomics” against that provided by Scitovsky in a paper of 1943. Whereas Mas-Colell, Whinston and Green try to show ...
Are Labor and Freedom Compatible? Political Economy, Hegel’s Practical Philosophy and the Young Marx
(Fundamentos del Análisis Económico I, UPV/EHU, 2017)
The question discussed in this paper is whether a political society not emancipated from labor can be a free society. In a less abstract way, the question can be posed as follows; can a society with a laboring class and a ...
Cost-Saving production technologies and strategic delegation
(2004-02)
This work analyzes a managerial delegation model in which firms that produce a differentiated good can choose between two production technologies: a low marginal cost technology and a high marginal cost technology. For ...
An Approach to the stability of international environmental agreements: the absorbing sets solution
(2003-12)
We study international environmental negotiations when agreements between countries can not be binding. A problem with this kind of negotiations is that countries have incentives for free-riding from such agreements. We ...
Profit and Cost in "Modern" Post-Marxian Profit Theory: A Case Study from Varian's "Intermediate Microeconomics"
(2003-09)
In this paper, I examine the treatment of competitive profit of professor Varian in his
textbook on Microeconomics, as a representative of the “modern” post-Marxian view on competitive profit. I show how, on the one hand, ...
A Fundamental Contradiction in Standard Rent Theory: A Case Study on Varian's "Intermediate Microeconomics"
(2004)
In this paper, I examine Varian’s treatment of rent in his textbook on Microeconomics. I argue that he holds contradictory conceptions: sometimes rent is defined as surplus over cost whereas sometimes it is defined as cost, ...
Output dynamics in an endogenous growth model
(2003-07)
The aim of this paper is to analyze whether endogenous growth RBC models are consistent with two stylized facts about U.S. output dynamics. First, GNP growth is positively correlated in the short run and it has a weak ...
A Fundamental Contradiction in Keynes' Conception of Income
(2003-02)
I contend that Keynes provides two contradictory definitions of aggregate income. According to the first definition, which is the dominant in Keynes as well as the standard in current Macroeconomics, the full value of ...