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Philipps-Universität Marburg >
Faculty of Business Administration and Economics, Philipps-Universität Marburg >
MAGKS Joint Discussion Paper Series in Economics, Universität Marburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56538
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Naqvi, Nadeem | | en_US |
| dc.contributor.author | | Schürg, Carolin V. | | en_US |
| dc.date.accessioned | | 2011-11-10 | | en_US |
| dc.date.accessioned | | 2012-04-04T13:55:13Z | | - |
| dc.date.available | | 2012-04-04T13:55:13Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56538 | | - |
| dc.description.abstract | | An economy's production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the efficiency-wage hypothesis holds, a country's PPF, though conceptually valid, is an operationally irrelevant concept, because the economy never operates on the PPF, which is a view that ought to be appreciated in light of persistent unemployment in the new structure of economies of the post-21st-Century-crisis world. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ., Dep. of Business Administration & Economics Marburg | | en_US |
| dc.relation.ispartofseries | | Joint discussion paper series in economics 46-2011 | | en_US |
| dc.subject.jel | | A20 | | en_US |
| dc.subject.jel | | D50 | | en_US |
| dc.subject.jel | | E23 | | en_US |
| dc.subject.jel | | F11 | | en_US |
| dc.subject.jel | | J23 | | en_US |
| dc.subject.jel | | J31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | general equilibrium | | en_US |
| dc.subject.keyword | | production set | | en_US |
| dc.subject.keyword | | production possibility frontier | | en_US |
| dc.subject.keyword | | efficiency wage | | en_US |
| dc.subject.keyword | | economic policy | | en_US |
| dc.subject.keyword | | labor market | | en_US |
| dc.subject.stw | | Technische Effizienz | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Effizienzlohn | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Wirtschaftspolitik | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Efficiency-wage hypothesis and the operational production pattern | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 671916483 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | MAGKS Joint Discussion Paper Series in Economics, Universität Marburg
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