منابع مشابه
Labor Surplus Economies
The labor surplus economy model has as its basic premise the inability of unskilled agricultural labor markets to clear in countries with high man/land ratios. In such situations, the marginal product of labor is likely to fall below a bargaining wage, related to the average rather than the marginal product. The reallocation of such disguisedly unemployed workers by means of “balanced” intersec...
متن کاملExtracting Interaction-Created Surplus
This paper demonstrates that the economic surplus which agents produce in bilateral interactions is extractable by an outside party having sufficient initial resources. The third party achieves this outcome using a class of ‘‘exclusive-interaction’’ contracts. A basic extractability result is shown to be robust to several extensions: competition among outside parties, multiplicity of interactin...
متن کاملThe ‘ surplus of meaning ’ .
The late Chile born biologist Francisco J. Varela has been influential in theoretical biology throughout the last three decades of the 20. century. His thinking shows a marked development from a biologically founded constructivism (developed together with his fellow citizen, Humberto Maturana, with the main key word being “autopoiesis theory”) to a more phenomenological oriented standpoint, whi...
متن کاملSurplus Maximization and Optimality
I identify assumptions under which policies that maximize expected surplus are Pareto Optimal–even when expected consumer surplus does not even locally represent preferences over price-income lotteries. Besides the oft-made partial equilibrium assumptions that only one price varies, and that income changes do not affect demand, the two other assumptions are that every consumer’s indirect utilit...
متن کاملLabor Surplus Revisited
Unskilled labor is the abundant resource in many developing countries, especially at an early stage of their development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion of an institutional or bargaining wage not based on competitive full employment marginal productivity fundamentals. This paper puts to rest some objections to...
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ژورنال
عنوان ژورنال: Maandblad Voor Accountancy en Bedrijfseconomie
سال: 1972
ISSN: 2543-1684,0924-6304
DOI: 10.5117/mab.46.11434